$ 2,600,000
135 CONCORD STREET S Ottawa, ON K1S0Z3
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$ 2,600,000
Est. payment | /mo
$ 2,600,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Ottawa East
MLS® Listing ID 1411198
Originating Board Ottawa Real Estate Board
Year Built 1950
Property Description
Substantially rebuilt 9-unit apartment building located within walking distance of Ottawa University Lee's Campus, Main Campus, and St Paul's University campus. Largely rebuilt down to the studs in 2019 from the basement to the roof. The long list of work included concrete repair, membrane around the foundation, plumbing infrastructure with water submeters for all units, electrical, upper roof, tankless boiler, radiators, windows, fire alarm system, asphalt, appliances, and completely remodeled units. All tenants pay for electricity and water in addition to their rent. Paid parking and coin laundry. Heating is a central tankless boiler system with high-efficiency radiators. All rents are currently quite below the market value giving the successful buyer a substantial upside opportunity. Tenants are a mix of students and young professionals. Rarely available, this is a long-term legacy investment opportunity for you and your family. No vendor mortgage is available. (id:24570)
Location
Province ON
Interior
Heating Hot water radiator heat
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by KELLER WILLIAMS INTEGRITY REALTY
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Gabriela Humeniuk
Real Broker