118 Marier Avenue

Ottawa, Ontario K1L 5S1

6 Bathrooms

3,590 sqft Interior

5 Parking spaces

Bldg=65.92 X 89.89 Ft Lot size

1 day ago Listed

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About this home

Calling all investors and developers! Rare opportunity to own a 6-unit building on a double lot in the heart of Vanier. The property features five 2-bedroom units and one bachelor, with two units currently vacant, giving a new owner the opportunity to set their own rents from day one. There is plenty of upside with two additional units currently rented below market and potential to add a 7th unit in the basement, subject to buyer due diligence and approvals. The double lot also offers future redevelopment potential, with the possibility of replacing the existing building with two multi-unit buildings, subject to zoning, approvals and buyer due diligence. Located close to Montréal Road, Beechwood Avenue, shopping, restaurants, public transit and just minutes from downtown, St. Laurent Shopping Centre and Train Yards. Multiple ways to increase income and add value. See attached pro forma for additional financial details. (id:28469)

Facts & features

Property

MLS® Number: X13869952
Property Type: Multi-family
Neighbourhood: Vanier
Community Name: 3402 - Vanier
Parking Space Total: 5

Building

Bathroom Total: 6
Appliances: Dryer, Washer
Cooling Type: None
Heating Type: Other
Size Exterior: 3590 Sqft
Size Interior: 3,590 Sqft
Type: Multi-family
Utility Water: Municipal Water

Land

Acreage: No
Size Depth: 89 Ft ,10 In
Size Frontage: 65 Ft ,11 In
Size Irregular: Bldg=65.92 X 89.89 Ft
Size Total Text: Bldg=65.92 X 89.89 Ft
Zoning Description: R4e

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: $6,106/mo
Ontario land transfer tax: $24,055 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

69 Active listings

$629,900 Median asking price

119% above median This home

39 days Avg. time on market

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Location

118 Marier Avenue, Ottawa, Ontario K1L 5S1 · Get directions