309 CYR AVENUE
Ottawa, Ontario
MLS® X12905856
$1,250,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X12905856
- Bedrooms
- 8
- Bathrooms
- 5
- Year built
- —
1 / 45Listing description
Prime Investment Opportunity in Ottawa Turnkey 5-Plex with Excellent Returns: Welcome to 309 Cyr Avenue, an exceptional chance to secure a fully tenanted, income-producing 5-unit property in a desirable Ottawa neighbourhood. Whether you're an experienced investor or looking to grow your portfolio, this asset delivers reliable cash flow today with strong upside potential. This well-maintained 5-plex offers a versatile mix of spacious, updated units occupied by quality tenants.
The exterior has been recently renovated, boosting curb appeal and minimizing capital expenditures in the years ahead. Inside, with room to further enhance rents and maximize income, this property has much upside potential. With steady income in place and under-market rents, this property is perfectly positioned for a new owner to unlock additional value through strategic updates and rental increases over time.
Key Features: Five fully rented units with strong tenancy history; Newly renovated exterior low maintenance for years to come; Excellent location close to schools, transit, shopping, and Ottawas downtown core;; Opportunity to increase revenues and build long-term equity This is your chance to acquire a turnkey multi-unit property in one of Ottawas most robust rental markets. Properties of this calibre and income potential rarely become available. Don't wait, schedule your private tour today and see everything 309 Cyr Avenue has to offer!
Contact the listing agent for full financial statements, rent rolls, and to arrange a confidential viewing.
Property summary
- MLS® number
- X12905856
- Property type
- Multi-family
- Building type
- Other
- Land size
- 64 x 96 FT
- Annual property taxes
- $8,759.00
- Parking
- 5 spaces · No Garage
- Days on market
- 159 days
Features & details
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Basement
- Full
- Appliances
- Washer, Refrigerator, Stove, Dryer, Hood Fan
- Exterior features
- Brick, Aluminum siding
What would this home cost you?
Based on the $1,250,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of SUTTON GROUP - OTTAWA REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.