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$1,199,900
Available - For Sale
Listing ID: X11996887
Excellent Investment Opportunity in Vanier!This sixplex offers a desirable mix of four 1-bedroom and two 2-bedroom units, each with its own private entrance, eliminating common areas and reducing maintenance. With a strong cap rate of 5.82%, this property is priced to sell and offers exceptional cash flow potential. The property generates a yearly income of $86,837.28 with a net operating income of approximately $69,794.25.Recent capital improvements include a new hot water boiler system, new siding, a new front staircase, and a new sump pump, ensuring long-term durability. Several units have been renovated, generating strong rental income with room for future rent increases, making it easier to qualify for financing. The property features four parking spaces, with tenants handling snow removal, and offers potential to generate additional revenue by charging for parking. There's also an opportunity to add a laundry facility in the utility room for extra income. Located in Ottawa's high-demand Vanier rental market, this property boasts a Walk Score of 89, meaning most daily errands can be completed on foot. Public transportation is easily accessible, with multiple OC Transpo bus routes connecting to downtown Ottawa and key destinations. The area offers a variety of amenities, including the Richelieu-Vanier Community Centre for recreational and cultural activities, as well as the Vanier Museopark for outdoor green space and year-round programming. Don't miss out on this multi-unit investment, schedule your viewing today!
Price $1,199,900
Taxes: $6,752
Tax Type: Annual
Occupancy by: Tenant
Address: 331 Mona Aven , Vanier and Kingsview Park, K1L 7A3, Ottawa
Postal Code: K1L 7A3
Province/State: Ottawa
Legal Description: LT 178, PL 238 ; VANIER/GLOUCESTER
Directions/Cross Streets: Montreal Road
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 3,778.13
Total Area Code:  Square Feet
Maintenance: 0
Water Expense: $4422
Net Income Before Debt: $69794
Expenses Actual/Estimated: $Act
Heat Type: Water Radiators
Central Air Conditioning: No
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331 Mona Aven , Vanier and Kingsview Park, K1L 7A3, Ottawa


 
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Type: Com - Investment
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3404 - Vanier
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Lot Size: x 42.50(Feet)
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Tax: $6,752
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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