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484 Queen Mary Street Ottawa, Ontario K1K 1W2

11 Bedroom 5 Bathroom 3,500 - 5,000 ft2
Baseboard Heaters

$1,799,900

Fantastic investment opportunity! Well-positioned 6-UNIT building in a rapidly growing area, offering both steady income and future upside. Four units are currently occupied, two at market rents (renovated) and two with long-term tenants paying below-market rents, leaving room for increased returns. Two fully renovated units with modern finishes are vacant, allowing the new owner to set rents and select tenants. Additional income from coin-operated laundry and rentable on-site parking enhances cash flow. The property sits in a prime redevelopment area where older homes are being replaced with multi-unit projects, driving demand and property values. With a generous lot size and R4UC zoning, there is exciting potential for future development. This is a rare chance to acquire a stabilized asset with strong current income and significant appreciation potential ideal for investors seeking both stability and growth. Come see it today! (id:37351)

Property Details

MLS® Number X12383772
Property Type Multi-family
Community Name 3502 - Overbrook/Castle Heights
AmenitiesNearBy Public Transit, Hospital
EquipmentType Water Heater
ParkingSpaceTotal 6
RentalEquipmentType Water Heater

Building

BathroomTotal 5
BedroomsAboveGround 11
BedroomsTotal 11
Appliances Stove, Refrigerator
BasementFeatures Apartment In Basement
BasementType N/a
ExteriorFinish Brick, Vinyl Siding
FoundationType Poured Concrete
HeatingFuel Electric
HeatingType Baseboard Heaters
StoriesTotal 2
SizeInterior 3,500 - 5,000 Ft2
Type Other
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
LandAmenities Public Transit, Hospital
Sewer Sanitary Sewer
SizeDepth 92 Ft
SizeFrontage 72 Ft
SizeIrregular 72 X 92 Ft
SizeTotalText 72 X 92 Ft

https://www.realtor.ca/real-estate/28819613/484-queen-mary-street-ottawa-3502-overbrookcastle-heights

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Omar Hashem
Broker of Record

(613) 867-7669
www.omarhashem.ca/
twitter.com/omarfhashem

Lotful Realty
58 Hampton Ave
Ottawa, Ontario K1Y 0N2

(613) 724-6222

Rabieh Nassrallah
Salesperson

(613) 794-4440

Lotful Realty
58 Hampton Ave
Ottawa, Ontario K1Y 0N2

(613) 724-6222

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