250 RUSSELL AVENUE , Ottawa

Bed / $1,349,900 / MLS® Listing #:1259152

  • Property Info
  • WalkScore
  • Mortgage Info
  • Share

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 technically 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 11 out of 13 rooms are leased. (id:10452)

Virtual Tour

Please login or create new account to view the Virtual Tour of this property

Property Details

Property Type Triplex
Square Feet
Maintenance N/A
Days On Our Website 51
Basement Finished - Full (Finished)
Kitchens
Lot Dimensions 33.01 ft X 148 ft
Pool N/A
Area Ottawa
Air Conditioning None
Heating Natural gas - Hot water radiator heat
Exterior
Parking Spaces 6
Parking Type Surfaced,Surfaced
Sewers Municipal sewage system
Water Municipal water

Listing Office: EXP REALTY



Loading WalkScore data...

Loading Mortgage Calculators...

Terms Of Use Agreement

Terms of Use
This website is operated by The Oakes Home Team, a salesperson who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, The Oakes Home Team, and CREA.

Copyright
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

Trademarks
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

Amendments
The Oakes Home Team may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

Do you agree to these terms and conditions?