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$1,349,900

250 Russell Avenue Ottawa, Ontario K1N 7X5

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250 Russell Avenue Ottawa, Ontario K1N 7X5

None Hot Water Radiator Heat

Calling all investors, contractors or anyone looking for a fall/winter project...opportunity knocks in desirable Sandy Hill! This solid concrete block building sits on an extra deep 148-foot lot with possibility to build or develop the back of the property. Proper parking lot lines could be added to the back of the property to collect additional parking fees, or its easily turned into a family backyard. Currently used as student rentals with a total of 13 rooms, this property is a triplex with a non-conforming 4th unit. Unit 1 is 4 bedrms. Units 2, 3 & 4 are all 3 bedrms. If the property was fully occupied the estimated annual income would be $103,020 with estimated expenses of $25,715, estimated NOI of $77,305 (estimated cap rate of 5.5%). Updates include roof 2020, all windows 2021. 24 hours' notice for showings on Tenant occupied units. Currently 12 out of 13 rooms are leased. (id:42482)

Enquire about 250 Russell Avenue, Ottawa, Ontario K1N 7X5

    Property Details

    Property Details for 250 Russell Avenue, Ottawa, Ontario K1N 7X5

    MLS® Number 1259152
    Property Type Multi-family
    Neighbourhood Sandy Hill
    Parking Space Total 6

    Building

    Building details for 250 RUSSELL AVENUE, Ottawa, Ontario K1N 7X5
    Basement Development Finished
    Basement Type Full (finished)
    Constructed Date 1920
    Construction Style Attachment Attached
    Cooling Type None
    Flooring Type Carpeted, Tile, Vinyl
    Heating Fuel Natural Gas
    Heating Type Hot Water Radiator Heat
    Stories Total 3
    Type Triplex
    Utility Water Municipal Water

    Parking

    Surfaced

    Land

    Acreage No
    Current Use Development Residential
    Sewer Municipal Sewage System
    Size Depth 148 Ft
    Size Frontage 33 Ft
    Size Irregular 33.01 Ft X 148 Ft
    Size Total Text 33.01 Ft X 148 Ft
    Zoning Description R4ub

    Edmundo Roa
    Salesperson

    (613) 864-5515
    www.soldbyroa.ca
    EXP REALTY
    343 Preston Street, 11th Floor
    Ottawa, Ontario K1S 1N4

    (866) 530-7737
    (647) 849-3180
    www.exprealty.ca

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