$ 1,369,000
403 PEACH TREE LANE Ottawa, ON K1K2R7
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$ 1,369,000
Est. payment | /mo
$ 1,369,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Viscount Alexander Park
MLS® Listing ID 1418857
Originating Board Ottawa Real Estate Board
Year Built 1959
Property Description
Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement. (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters, Forced air
Cooling None
Flooring Hardwood, Laminate
Exterior
Garage No
Fence Fenced yard
Community Features Family Oriented
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Lot Description Land / Yard lined with hedges
Story 2
Sewer Municipal sewage system
Listed by RARE REAL ESTATE INC.