$1,425,000
Available - For Sale
Listing ID: X12488422
370 Belisle Street , Vanier and Kingsview Park, K1L 6V2, Ottawa
| Exceptional investment opportunity in the heart of Vanier this purpose-built, all-brick six-unit apartment building offers a desirable unit mix of five 2-bedroom units and one 1-bedroom unit. Ideally located just off McArthur Avenue, the property is within walking distance to St. Laurent Shopping Centre, public transit, schools, and amenities, making it highly attractive to quality tenants. The property is professionally managed and currently generates a gross annual income of just over $98,000. With all units rented below current market rates, there is significant upside potential as units turn over. Situated on an impressive lot of over 12,000 sq. ft., the property offers potential for future development or expansion (buyer to verify with the City of Ottawa).With strong management already in place, this is a turn-key investment for the next owner seeking stable cash flow and long-term growth potential. Contact the listing agent for a detailed rental pro forma and insured financing scenario. |
| Price | $1,425,000 |
| Taxes: | $9678.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 370 Belisle Street , Vanier and Kingsview Park, K1L 6V2, Ottawa |
| Directions/Cross Streets: | McArthur & Belisle |
| Rooms: | 24 |
| Bedrooms: | 11 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Apartment |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | 2 1/2 Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Square Footage: | 3500-5000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Water |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| SUTTON GROUP - OTTAWA REALTY |
|
|
Mak Azad
Broker
Dir:
647-831-6400
Bus:
416-298-8383
Fax:
416-298-8303
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3404 - Vanier |
| Style: | 2 1/2 Storey |
| Tax: | $9,678 |
| Beds: | 11 |
| Baths: | 6 |
| Fireplace: | N |
| Pool: | None |
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