10 Sherbrooke Avenue, West Centre Town, ON Image 1

$1,299,000

Fourplex For Sale
MLS - #X12249487
Jun 27- By ROYAL LEPAGE PERFORMANCE REALTY

10 Sherbrooke Avenue, West Centre Town, ON K1Y 1R7

4 Bed
4 Bath
1500-2000 Sqft.
None Garage

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

Basement:Full
Cooling:Central Air
Heating:Forced Air
Parking Features:Covered
0
Similar Homes Found
$0
Average Price
129900000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

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Walk Score for 10 Sherbrooke Avenue

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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ESTIMATED PAYMENT

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