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250 Russell Avenue Ottawa, Ontario K1N 7X5
None
Hot Water Radiator Heat
$1,349,900
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 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 12 out of 13 rooms are leased. (id:42429)
Property Details
| MLS® Number | 1259152 |
| Property Type | Multi-family |
| Neigbourhood | Sandy Hill |
| Parking Space Total | 6 |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1920 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Flooring Type | Carpeted, Tile, Vinyl |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Current Use | Development Residential |
| Sewer | Municipal Sewage System |
| Size Depth | 148 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 33.01 Ft X 148 Ft |
| Size Total Text | 33.01 Ft X 148 Ft |
| Zoning Description | R4ub |
https://www.realtor.ca/real-estate/23603073/250-russell-avenue-ottawa-sandy-hill
Joey Abrams
Agent
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November 05 2021 09:11:31
Ottawa Real Estate Board
Exp Realty
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