Address
250 RUSSELL AVENUE Ottawa, ON
Price
$ 1,349,900
Property Attributes
  • ID#1259152
  • TypeMulti-Family
  • CityOttawa
  • NeighbourhoodSandy Hill
  • Postal CodeK1N 7X5
  • Style
  • Price$ 1,349,900
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
EXP REALTY
Data Source:
Canadian Real Estate Association
Property Description

Calling all investors, contractors or anyone looking for a fall/winter project...opportunity knocks in desirable Sandy Hill! This solid concrete block building sits on an extra deep 148-foot lot with possibility to build or develop the back of the property. Proper parking lot lines could be added to the back of the property to collect additional parking fees, or its easily turned into a family backyard. Currently used as student rentals with a total of 13 rooms, this property is a triplex with a non-conforming 4th unit. Unit 1 is 4 bedrms. Units 2, 3 & 4 are all 3 bedrms. If the property was fully occupied the estimated annual income would be $103,020 with estimated expenses of $25,715, estimated NOI of $77,305 (estimated cap rate of 5.5%). Updates include roof 2020, all windows 2021. 24 hours' notice for showings on Tenant occupied units. Currently 12 out of 13 rooms are leased. (id:7434)

General Features

Building Cooling Type None
Building Type Triplex
Lease Type Gross
More Information Link https://www.realtor.ca/real-estate/23603073/250-russell-avenue-ottawa-sandy-hill
Neighbourhood Sandy Hill
Property Type Multi-family
Zoning Description R4UB

Interior Features

Basement Development Finished
Basement Type Full (Finished)
Building Fireplace Present False
Building Heating Fuel Natural gas
Building Heating Type Hot water radiator heat
Construction Style Attachment Attached
Flooring Type Carpeted, Tile, Vinyl

Exterior Features

Land Current Use Development residential
Parking Space Total 6
Sewer Municipal sewage system

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K1N 7X5

Price
AVG $1.35M
$1.35M
Visits
AVG 110
130
Year Built
AVG 1920
1920