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10 Sherbrooke Avenue Ottawa, Ontario K1Y 1R7

4 Bedroom 4 Bathroom 1,500 - 2,000 ft2
Raised Bungalow Central Air Conditioning Forced Air

$1,299,000

Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredibleopportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinderblock four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unitdwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters.This turn key investment property has over 5% cap rate and is fully rented with ideal tenants and grosses an annual income of $93,600. Lookingto increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there aremany possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charmingcafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity. (id:37351)

Property Details

MLS® Number X12249487
Property Type Multi-family
Community Name 4203 - Hintonburg
ParkingSpaceTotal 3

Building

BathroomTotal 4
BedroomsAboveGround 2
BedroomsBelowGround 2
BedroomsTotal 4
Appliances All, Furniture, Window Coverings
ArchitecturalStyle Raised Bungalow
BasementType Full
CoolingType Central Air Conditioning
ExteriorFinish Steel, Wood
FoundationType Block
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 1
SizeInterior 1,500 - 2,000 Ft2
Type Fourplex
UtilityWater Municipal Water

Parking

No Garage
Covered

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 102 Ft ,9 In
SizeFrontage 29 Ft
SizeIrregular 29 X 102.8 Ft
SizeTotalText 29 X 102.8 Ft

https://www.realtor.ca/real-estate/28530016/10-sherbrooke-avenue-ottawa-4203-hintonburg

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Ryan Cole
Salesperson

(613) 295-2986
www.coleconnection.ca/

Royal LePage Performance Realty
#201-1500 Bank Street
Ottawa, Ontario K1H 7Z2

(613) 733-9100
(613) 733-1450

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