108 King Edward Avenue Ottawa, Ontario K1N 7K8
$1,300,000
A well-maintained, steady income-generator in a central location that consistently attracts respectful, long-term tenants. 2022 brought in a predictable $77,916 Gross resulting in, after expenses, an attractive 4.6% CAP rate. Directly across from beautiful Bordeleau Park, the property is a short walk to the Byward Market and the city centre, ensuring consistent demand for its apartments, as well as two parking spots in the detached carport. The main floor is the building's original 'signature' unit, a 1bed+den renting for $1925, including electricity. An attractive, newly-built, two bed basement apt rents for $1900, furnished, and including electricity. The upper floor consists of two 1bed apts, renting for $1670 and $1505, both plus electricity. Included in the sale: all appliances, furnishings for the basement apt and garden equipment. Other features: modern windows, upgraded electrical panel and furnace, and consistent maintenance to the building's roof and entry. (id:37684)
Property Details
| MLS® Number | 1337661 |
| Property Type | Multi-family |
| Neigbourhood | Lower Town |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping, Water Nearby |
| Parking Space Total | 2 |
Building
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Constructed Date | 1940 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Brick, Siding |
| Flooring Type | Mixed Flooring |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Carport |
Land
| Acreage | No |
| Current Use | Development Residential |
| Land Amenities | Public Transit, Recreation Nearby, Shopping, Water Nearby |
| Sewer | Municipal Sewage System |
| Size Depth | 99 Ft |
| Size Frontage | 24 Ft |
| Size Irregular | 24.02 Ft X 99 Ft |
| Size Total Text | 24.02 Ft X 99 Ft |
| Zoning Description | Res-333 Triplex |
https://www.realtor.ca/real-estate/25505310/108-king-edward-avenue-ottawa-lower-town
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July 31 2023 07:41:31
Ottawa Real Estate Board
Grape Vine Realty Inc.
