$1,299,000
10 Sherbrooke Avenue, West Centre Town, ON K1Y 1R7
Property Description
Property type
Investment
Lot size
N/A
Style
Approx. Area
N/A 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 incredible opportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinder block 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.
Home Overview
Last updated
Jun 27
Virtual tour
None
Basement information
Building size
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Status
In-Active
Property sub type
Investment
Maintenance fee
$N/A
Year built
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Additional Details
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Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
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