MLS#: X13441322Listed: 3 months agoUpdated:1 day ago
Description
Rare opportunity to acquire a recently expanded and substantially renovated multi-unit investment property in the heart of Sandy Hill, just steps from the University of Ottawa. Currently fully occupied, the property is configured as six rental suites comprising 18 bedrooms, including a mix of 2-bedroom, 3-bedroom and shared accommodation units catering to students and young professionals in one of Ottawa's strongest rental markets. All suites are furnished and equipped with a fridge, stove and microwave, with owned shared laundry facilities and three rented parking spaces providing additional income. Significant capital improvements have been completed in recent years, providing established in-place rental income with opportunities to optimize returns over time. Excellent walkability to the University of Ottawa, Rideau Centre, ByWard Market, LRT stations and downtown employment centres. An attractive opportunity for investors seeking a well-located asset with strong rental demand and long-term growth potential. Property being sold under Power of Sale. Current rent roll, leases and due diligence materials available to qualified purchasers. (id:58075)
Details
Details for 351 Friel Street, Ottawa, Ontario
Property Type
Multi Family
Building Type
Other
Storeys
3
Neighborhood
4003 - Sandy Hill
Land Size
33.3 x 99 FT
Year Built
-
Annual Property Taxes
$11,915
Parking Type
No Garage
Inside
Appliances
Water meter, Water Heater - Tankless
Rooms
-
Bedrooms
18
Bathrooms
9
Fireplace
-
Fireplace Total
-
Basement
Partially finished, Full
Building
Architecture Style
-
Direction
Cross Streets: Laurier Ave/Friel St. ** Directions: Laurer Ave East to North on Friel St.