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%.
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Zillow last checked:
Listing updated:
Listed by:
AVENUE NORTH REALTY INC.
Source: TRREB,MLS®#: X13549418Originating MLS®#: Ottawa Real Estate Board
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 5
Bedroom
Level: Lower
Dimensions: 3.02 x 2.92
Bedroom
Level: Lower
Dimensions: 3.2 x 2.51
Bedroom
Level: Main
Dimensions: 0 x 0
Bedroom
Level: Lower
Dimensions: 3.38 x 2.46
Bedroom
Level: Lower
Dimensions: 2.97 x 2.74
Bedroom
Level: Main
Dimensions: 3 x 2.69
Bedroom
Level: Upper
Dimensions: 2.95 x 2.79
Bedroom
Level: Main
Dimensions: 3.81 x 2.84
Bedroom
Level: Upper
Dimensions: 3.99 x 2.74
Bedroom
Level: Upper
Dimensions: 3.28 x 2.95
Bathroom
Level: Main
Dimensions: 3.63 x 1.93
Bathroom
Level: Upper
Dimensions: 2.11 x 1.63
Bathroom
Level: Lower
Dimensions: 1.73 x 1.57
Bathroom
Level: Lower
Dimensions: 2.46 x 2.11
Dining room
Level: Lower
Dimensions: 3.56 x 3.07
Dining room
Level: Main
Dimensions: 4.27 x 3.12
Kitchen
Level: Lower
Dimensions: 3.91 x 2.08
Kitchen
Level: Main
Dimensions: 4.78 x 3.05
Laundry
Level: Main
Dimensions: 0 x 0
Laundry
Level: Lower
Dimensions: 1.52 x 1.09
Living room
Level: Lower
Dimensions: 4.11 x 2.79
Living room
Level: Main
Dimensions: 4.39 x 2.72
Other
Level: Main
Dimensions: 2.31 x 1.63
Heating
Forced Air, Gas
Cooling
Central Air
Features
Primary Bedroom - Main Floor
Flooring: Carpet Free
Basement: Separate Entrance,Full,Finished
Has fireplace: Yes
Fireplace features: Wood Burning
Interior area
Living area range: 1500-2000 null
Property
Parking
Total spaces: 2
Features
Stories: 2
Pool features: None
Lot
Size: 3,100 Square Feet
Features: School, Public Transit, Park, Rec./Commun.Centre, Place Of Worship, Arts Centre