For Sale

$1,589,900.00

278 DONALD STREET , Ottawa, Ontario K1K1M7

Remarks

Unique property that has 14 bachelor units with another two units that share accommodations. Huge income that comes with a 7.4 % cap rate. Perfect for the investor looking to get a good return for the invested dollar. 24 hours notice for showings and 24 hours irrevocable on all offers. Some rents will be going up Dec 1, 2020. The Buyer to do their own due diligence with this property. Please note zoning has recently changed from R4N to R4UC-c. With the current lot size you are allowed to have 9+ units and can build up to 11 metres in height. (id:5691)

Property Summary

  • Neighbourhood: Overbrook/Castle Heights
  • Lot Frontage: 50.0 Feet
  • Lot Depth: 116.8 Feet
  • Lot Size: 50 ft X 116.75 ft
  • No. of Parking Spaces: 4
  • Zoning: R4N

Property Features:

  • Ownership Type:
    Freehold
  • Property Type:
    Multi-family
  • Sewer:
    Municipal sewage system

Building Features:

  • Cooling Type:
    None
  • Exterior Finish:
    Siding
  • Foundation Type:
    Block , Poured Concrete
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Radiant heat

Listing courtesy of: 

RE/MAX HALLMARK REALTY GROUP

EXP REALTY

Office Listing: 

Thom Fountain , Broker Ahmad Moharam , Broker

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