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179-181 Cathcart Street Ottawa, Ontario K1N 5C1

Heat Pump Heat Pump, Radiant Heat

$1,698,800

Turn-key investment property in an ideal location, steps to embassies, government buildings, trails, shops and the river in a beautiful pocket of Lower Town. This triplex has been extensively renovated and upgraded from top to bottom, absolutely everything is done! Best of all, it brings in almost 100k of annual rent with it's 3 large apartments. Tall ceilings, huge rooms, stunning kitchens, beautiful curb appeal, two upstairs balconies and one main floor deck, 2 parking spaces, 3 separate private entrances, all en-suite laundy, 3 hydro meters. Recently converted from duplex to triplex with the city. Upstairs is tenanted for $3100, Main floor tenants pay $2950 and basement is vacant (market rent is $2100). Upgrades include: All appliances 2023, Roof 2024, Boiler 2023, heat/AC pumps 2023 and lots more! This one is cash flow positive with today's interest rates and so easy to rent! (id:28469)

Property Details

MLS® Number 1415353
Property Type Multi-family
Neigbourhood Lower Town
Easement Right Of Way
ParkingSpaceTotal 2

Building

BasementDevelopment Finished
BasementType Full (finished)
ConstructedDate 1929
ConstructionStyleAttachment Attached
CoolingType Heat Pump
ExteriorFinish Brick
FlooringType Hardwood, Tile
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Heat Pump, Radiant Heat
StoriesTotal 2
Type Triplex
UtilityWater Municipal Water

Parking

Open
Surfaced

Land

Acreage No
CurrentUse Development Residential
Sewer Municipal Sewage System
SizeDepth 99 Ft
SizeFrontage 33 Ft
SizeIrregular 33 Ft X 99 Ft
SizeTotalText 33 Ft X 99 Ft
ZoningDescription Residential