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297 St Patrick Street Ottawa, Ontario K1N 5K4

9,200 ft2
Forced Air

$1,699,999

High performing 8 unit apartment building with excellent cashflow AND some upside! Well managed and maintained with many capital improvements done over the years. Boasting $148,367.40 in annual gross income, this multi unit would be an excellent addition to an investment portfolio. Being steps away from the Byward Market, Uottawa & Downtown Ottawa makes this building an ideal location for young professionals and students alike. Over the past 5 years,6/8 units have been fully renovated including new kitchens, bathrooms, flooring, trim etc. Two long time tenancies are well below market rent providing future upside on turnover while the other 6 units are at market rents. With excellent management in place, this building is turn key for the next investor. (id:37351)

Property Details

MLS® Number X12319517
Property Type Multi-family
Community Name 4001 - Lower Town/Byward Market

Building

HeatingFuel Natural Gas
HeatingType Forced Air
SizeExterior 9200 Sqft
SizeInterior 9,200 Ft2
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 112 Ft ,7 In
SizeFrontage 33 Ft ,3 In
SizeIrregular Bldg=33.32 X 112.66 Ft
SizeTotalText Bldg=33.32 X 112.66 Ft
ZoningDescription R4s

https://www.realtor.ca/real-estate/28679089/297-st-patrick-street-ottawa-4001-lower-townbyward-market

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Gershon Thambiah
Salesperson

(613) 691-9901

Sutton Group - Ottawa Realty
300 Richmond Rd Unit 400
Ottawa, Ontario K1Z 6X6

(613) 744-5000
(343) 545-0004
suttonottawa.ca/

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