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Mirna Botros

613-600-2626

514 Bay Street - $1,579,000

514 Bay Street - $1,579,000

514 Bay Street

$1,579,000

4103 - Ottawa Centre
Ottawa, OntarioK1R6B3
10 beds
6 baths
3 parking
MLS#: X12927004Listed: about 3 hours agoUpdated:about 3 hours ago

Description

Welcome to 514 & 516 Bay Street, an excellent opportunity to own a well-maintained 5+1-unit building in the heart of Centretown, offering a solid 6.4% cap rate and positive cash flow. This property combines stable income with immediate rental upside. Located on the corner of Bay and Gladstone, the building sits in a desirable residential pocket surrounded by established single-family homes and multi-unit properties. Just steps to downtown offices, shops, restaurants, and public transit, this prime location continues to attract consistent tenant demand. The property features four 2-bedroom units and two 1-bedroom units, providing a strong rental mix. One unit is currently vacant, offering the new owner the opportunity to set rent at today's market rate. There is a shared driveway with parking for three vehicles, adding further tenant appeal. Major updates were completed in 2022, including new subfloors, flooring, upgraded kitchens and bathrooms, lighting, insulation, and new appliances in three units. The roof was replaced in 2023, helping reduce near-term capital expenses. For owner-occupiers, the vacant unit also presents the option to move in while the remaining units generate income to significantly offset or potentially cover your mortgage. (id:58075)

Details

Details for 514 Bay Street, Ottawa, Ontario
Property Type
Multi Family
Building Type
Other
Storeys
3
Neighborhood
4103 - Ottawa Centre
Land Size
37 x 99 FT
Year Built
-
Annual Property Taxes
$11,436
Parking Type
No Garage
Inside
Appliances
-
Rooms
-
Bedrooms
10
Bathrooms
6
Fireplace
-
Fireplace Total
-
Basement
Unfinished, N/A
Building
Architecture Style
-
Direction
Cross Streets: McLeod Street and Bay Street. ** Directions: From Bank Street go west on Gladstone Avenue, turn right (north) onto Bay Street - property is on the right (514 Bay St).
Type of Dwelling
other
Roof
-
Exterior
Brick
Foundation
Concrete
Flooring
-
Land
Sewer
Sanitary sewer
Lot Size
37 x 99 FT
Zoning
-
Zoning Description
R4S[478]
Parking
Features
No Garage
Total Parking
3
Utilities
Cooling
None
Heating
Baseboard heaters, Forced air, Not known, Not known, Electric, Natural gas
Water
Municipal water
Feature Highlights
Community
-
Lot Features
Carpet Free
Security
-
Pool
-
Waterfront
-

Rooms

Rooms for 514 Bay Street, Ottawa, Ontario
LevelNameDimensions

Map

1/50
$2,240,000455 457 Somerset Street
17 beds7 baths
about 1 month agoMLS#: X12784444
1/23
$1,799,000220 Argyle Avenue
7 beds6 baths
4 months agoMLS#: X12577062
1/39
$1,799,000222 Argyle Avenue
5 beds5 baths
4 months agoMLS#: X12577064
1/7
$1,499,900879 Kirkwood Avenue
10 beds6 baths
2 months agoMLS#: X12715518
1/50
$1,990,0001176 Shillington Avenue
3 beds6 baths
2 months agoMLS#: X12726058
1/33
$975,000258 Kent Street
3 beds5 baths
2 months agoMLS#: X12691982
1/38
$1,699,00026 Aylmer Avenue
8 beds6 baths
about 1 month agoMLS#: X12812804
1/7
$1,499,900873 Kirkwood Avenue
10 beds6 baths
2 months agoMLS#: X12715520
1/11
$1,650,000243 245 Hinchey Avenue
0 beds0 baths
about 2 months agoMLS#: X12736054
1/34
$2,499,000391 Dieppe Street
9 beds6 baths
28 days agoMLS#: X12827102
Facade
1/45
$1,375,000309 Cyr Avenue
8 beds5 baths
6 days agoMLS#: X12905856
1/42
$1,074,90046 James Street
6 beds15 baths
about 2 months agoMLS#: X12735442
1/30
$2,495,000342 Frank Street
20 beds7 baths
21 days agoMLS#: X12854148
1/50
$2,075,000152 Goulburn Avenue
12 beds6 baths
11 days agoMLS#: X12886580
1/50
$2,699,00075 Genest Street
12 beds6 baths
29 days agoMLS#: X12819938
Mirna Botros

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