Mirna Botros
613-600-2626248 Garneau Street - $725,000
248 Garneau Street - $725,000
248 Garneau Street
$725,000
3402 - Vanier
Ottawa, OntarioK1L7T8
4 beds
3 baths
4 parking
MLS#: X14153340Listed: about 6 hours agoUpdated:about 6 hours ago
Description
The CASH FLOW property you've been waiting for, just steps off Beechwood Avenue! This fully tenanted three-unit home sits half a block from the heart of Beechwood Village. Cafes, restaurants, bakeries, grocery and transit are all at your doorstep, with New Edinburgh, Rockcliffe Park and the Rideau River pathways a short walk away and downtown and the ByWard Market only a 10 minute bike ride away. Locations like this rarely come to market, and tenant demand here is relentless. INVESTORS: 6.5% CAP RATE. Based on the current rent roll and the seller's 2025 operating costs, gross income is $61,167, operating expenses are just $13,756 and NET OPERATING INCOME is $47,411. That's over $850/month(10,266/year) in positive cash flow at conventional financing. Three self-contained units: a 2 bedroom main floor, a 1 bedroom plus 2 den upper and a 1 bedroom lower level. Each unit has its own in-suite laundry and its own hydro meter (tenants pay hydro). There are 4 PARKING SPOTS, rare for the area! Three are rented to the tenants for $1,800/year, and the fourth is available, an easy opportunity for additional income. FANTASTIC tenants are in place. The big-ticket items are DONE. A high-efficiency gas furnace and owned tankless water heater were installed in 2024, so there's no rental equipment. An engineered partial foundation replacement with a new sump pump was completed in 2021 and 2024, with over $83,000 invested. The front porch and its support wall were rebuilt in 2026, and the kitchens were updated in Unit 2 (2018) and Unit 3 (2022). Low expenses, low maintenance and professionally managed, this is a true turnkey investment in one of Ottawa's most walkable pockets. Full financial package and pre-inspection available on request. (id:58075)Details
Details for 248 Garneau Street, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Triplex
- Storeys
- 2
- Neighborhood
- 3402 - Vanier
- Land Size
- 40 x 100 FT ; 0
- Year Built
- -
- Annual Property Taxes
- $6,856
- Parking Type
- Other, No Garage
Inside
- Appliances
- Refrigerator, Dishwasher, Stove, Dryer, Two Washers, Water Heater
- Rooms
- -
- Bedrooms
- 4
- Bathrooms
- 3
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Finished, Full
Building
- Architecture Style
- -
- Direction
- Beechwood to Jolliet to Garneau
- Type of Dwelling
- triplex
- Roof
- -
- Exterior
- Stucco
- Foundation
- Block, Concrete
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 40 x 100 FT ; 0
- Zoning
- -
- Zoning Description
- Res
Parking
- Features
- Other, No Garage
- Total Parking
- 4
Utilities
- Cooling
- Central air conditioning
- Heating
- Baseboard heaters, Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- Sump Pump
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 248 Garneau Street, Ottawa, OntarioMap
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