Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredibleopportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinderblock four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters.This turn key investment property has over 5% cap rate and is fully rented with ideal tenants and grosses an annual income of $93,600. Looking to increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity. Contact us today to schedule a viewing! (id:4069)
Address
10 SHERBROOKE AVENUE
List Price
$1,399,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Style of Home
Raised bungalow
Area
Ontario
Sub-Area
Ottawa
Bedrooms
4
Bathrooms
4
Floor Area
15,002,000 Sq. Ft.
Lot Size
29 x 102.8 FT Sq. Ft.
MLS® Number
X12151964
Listing Brokerage
ROYAL LEPAGE PERFORMANCE REALTY
Basement Area
Full
Postal Code
K1Y1R7
