For Sale Multi-Family

323 Levis Avenue

$799,900 Est. $3,542/mo ↓

Ottawa, Ontario K1L 6H1

6 Bedrooms
6 Bathrooms
1,500 - 2,000 sqft Interior
5 Parking spaces
42.5 X 89.1 Ft Lot size
1 day ago Listed
Fireplace None Baseboard Heaters, Other Finished basement

About this home

Excellent investment opportunity in a prime location! This well-maintained duplex features three self-contained living spaces, offering strong rental income, great tenants, and excellent potential for future growth with many updates and upgrades done over the years.The spacious main-floor 3-bedroom unit rents for $2,467.18/month all inclusive, while the upper-level 1-bedroom unit rents for $1,750/month plus hydro. The lower-level 2-bedroom accessory apartment, complete with its own private entrance, rents for $1,900/month all inclusive. All three units have their own laundry facilities.The property benefits from excellent tenant stability. The flat roof was redone in 2020. Ideally located close to transit, shopping, amenities, and just minutes from downtown. With $6,117.18/month in current rental income, or $73,406.16 annually, this property offers an attractive investment opportunity with further potential to increase revenue over time, never a vacancy. An excellent opportunity for both new and seasoned investors. (id:28469)

Facts & features

Property

MLS® Number
X13768418
Property Type
Multi-family
Community Name
3404 - Vanier
Equipment Type
Water Heater - Gas, Water Heater
Parking Space Total
5
Rental Equipment Type
Water Heater - Gas, Water Heater

Building

Bathroom Total
6
Bedrooms Above Ground
6
Bedrooms Total
6
Amenities
Fireplace(s)
Appliances
Dishwasher, Dryer, Hood Fan, Storage Shed, Stove, Washer
Basement Development
Finished
Basement Features
Apartment In Basement
Basement Type
Full, N/a (finished), N/a
Cooling Type
None
Exterior Finish
Stone, Stucco
Fireplace Present
Yes
Fireplace Total
2
Foundation Type
Block
Heating Fuel
Electric, Natural Gas
Heating Type
Baseboard Heaters, Other
Stories Total
2
Size Interior
1,500 - 2,000 Sqft
Type
Duplex
Utility Water
Municipal Water

Parking

Carport
No Garage

Land

Acreage
No
Sewer
Sanitary Sewer
Size Depth
89 Ft ,1 In
Size Frontage
42 Ft ,6 In
Size Irregular
42.5 X 89.1 Ft
Size Total Text
42.5 X 89.1 Ft

Monthly payment estimate

$
Estimated payment per month
Mortgage amount
Total interest

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment
$3,542/mo
Ontario land transfer tax
$12,473 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Vanier market

35 Active listings
$675,000 Median asking price
19% above median This home
57 days Avg. time on market
Browse all Vanier listings →

Location

323 Levis Avenue, Ottawa, Ontario K1L 6H1  ·  Get directions

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