MLS#: X12318090Listed: 18 days agoUpdated:17 days ago
Description
Tired of residential tenants? Invest in a well-maintained multi-purpose building with strong anchor tenants in one of Ottawas premier rental markets - Sandy Hill. This cornerstone opportunity can be the one that carries your entire portfolio, because the owner is able to offer a favourable VTB for qualified borrowers. With 20% down you can cashflow over $2000/month from day 1! This standalone building offers the main floor and basement restaurant / bar with over 3100 sq ft, as well as two 2-bedroom units totalling approx. 1560 sq ft. on the upper floors. NOI approx. 161k, which is a 6.3% CAP rate, which is almost impossible to beat in this area right now. Parking for up to 4 vehicles. Situated close to the Rideau Centre, U of O, Adawe Bridge, Access to 417, 48 hours notice for all showings, and 48 hours notice for all offers. (id:58075)
Details
Details for 246 Laurier Avenue, Ottawa, Ontario
Property Type
Retail
Building Type
Residential Commercial Mix
Storeys
-
Neighborhood
4004 - Sandy Hill
Land Size
Bldg=62 x 71 FT
Year Built
-
Annual Property Taxes
$22,206
Parking Type
-
Inside
Appliances
-
Rooms
-
Bedrooms
-
Bathrooms
0
Fireplace
-
Fireplace Total
-
Basement
-
Building
Architecture Style
-
Direction
Located at the corner of Laurier Avenue East and Nelson Street.