MLS#: X13549418Listed: about 3 hours agoUpdated:about 3 hours ago
Description
5.6% CAP RATE! Exceptional investment opportunity - 10 BEDROOM/3,200+ sq. ft. FULLY RENOVATED DUPLEX in the heart of Sandy Hill! Each unit features 5 bedrooms, and in-suite laundry, providing excellent rental income. The upper unit offers 3 full bathrooms, while the lower unit includes 2 full bathrooms, making both layouts highly desirable for student living. Both units are finished with modern stainless steel appliances, updated kitchens, luxury vinyl plank flooring throughout (with hardwood flooring in the main living areas of Unit 1), and stylish tiled bathrooms. A substantial addition completed in 2016 as well as the roof for the entire building. This renovated legal duplex is located just steps from the University of Ottawa, offering a prime location with a long history of consistent occupancy by responsible university students and virtually no vacancy concerns offering exceptional cash flow in an unbeatable location close to transit, shopping, restaurants, and all downtown amenities. Annual Gross Income: $121,200, Annual Operating Expenses: $22,739, NOI: $98,460, CAP RATE: 5.6%. (id:58075)
Details
Details for 206 Blackburn Avenue, Ottawa, Ontario
Property Type
Multi Family
Building Type
Duplex
Storeys
2
Neighborhood
4004 - Sandy Hill
Land Size
31 x 100 FT
Year Built
-
Annual Property Taxes
$10,202
Parking Type
No Garage
Inside
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan
Rooms
23
Bedrooms
10
Bathrooms
5
Fireplace
-
Fireplace Total
1
Basement
Finished, Full, Separate entrance, N/A, N/A
Building
Architecture Style
-
Direction
Cross Streets: Templeton & Mann. ** Directions: Mann to Blackburn.