4 Bedrooms

4 Bathrooms

1,500 - 2,000 sqft Interior

3 Parking spaces

29 X 102.8 Ft Lot size

48 days ago Listed

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About this home

Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredible opportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinder block four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters. This turn key investment property has a 6% cap rate and is fully rented with ideal tenants and grosses an annual income of $96,672. Looking to increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity. (id:28469)

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Facts & features

Property

MLS® Number: X13504228
Property Type: Multi-family
Community Name: 4203 - Hintonburg
Parking Space Total: 3

Building

Bathroom Total: 4
Bedrooms Above Ground: 2
Bedrooms Below Ground: 2
Bedrooms Total: 4
Appliances: All, Furniture, Window Coverings
Basement Type: None
Cooling Type: Central Air Conditioning
Exterior Finish: Steel, Wood
Foundation Type: Block
Heating Fuel: Natural Gas
Heating Type: Forced Air
Size Interior: 1,500 - 2,000 Sqft
Type: Fourplex
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 102 Ft ,9 In
Size Frontage: 29 Ft
Size Irregular: 29 X 102.8 Ft
Size Total Text: 29 X 102.8 Ft

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

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: $5,309/mo
Ontario land transfer tax: $20,455 one-time

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

The Hintonburg market

11 Active listings

$1,198,000 Median asking price

At the area median This home

27 days Avg. time on market

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Location

10 Sherbrooke Avenue, Ottawa, Ontario K1Y 1R7 · Get directions

10 Sherbrooke Avenue