$1,299,000
10 Sherbrooke Avenue, West Centre Town, ON K1Y 1R7
Property Description
Property type
Fourplex
Lot size
N/A
Style
Bungalow-Raised
Approx. Area
1500-2000 Sqft
About 10 Sherbrooke Avenue
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-unitdwelling 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. Lookingto increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there aremany possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charmingcafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity.
Home Overview
Last updated
Jun 27
Virtual tour
None
Basement information
Full
Building size
--
Status
In-Active
Property sub type
Fourplex
Maintenance fee
$N/A
Year built
--
Additional Details
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - Sherbrooke Avenue

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