Address
174 Arthur Street, Ottawa, ON
Price
$ 649,900

Your Agent

Rebecca Keen

Broker

613-706-6710


Listing provided by Rebecca Keen, Broker, REMAX Hallmark Realty Group

Property Attributes
  • ID#X13508542
  • TypeMulti-Family
  • Listing Status Active
  • MunicipalityOttawa
  • CityOttawa
  • Area4205 - West Centre Town
  • Neighbourhood4205 - West Centre Town
  • Postal CodeK1R 7C4
  • Style
  • Price$ 649,900
  • Bedrooms4
  • Bathrooms3
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description

INVESTMENT OPPORTUNITY for under $675,000! Three Storey semi detached TRIPLEX in the heart of Chinatown. Zoned R4H and Ideally located with a school directly across the street and just minutes to Downtown, Little Italy, public transit, shopping, restaurants, parks, and all amenities. This centrally located income property offers an excellent opportunity for investors looking to expand their portfolio or those seeking a property with strong rental potential. Situated on an 18.18' x 71.19' lot, the property includes one front parking space and a spacious backyard for tenants to enjoy. Offering an attractive CAP RATE of 6.12% and Gross Annual rental income of $51,924 this is a turnkey investment with immediate cash flow. Rented on an All Inclusive basis. Unit 1: currently Vacant and a great option for an Owner Occupied unit, it's a two bedroom, one bathroom unit on the main floor with access to the finished basement, providing additional living space and a dedicated laundry area. The kitchen and several interior finishes were updated in 2022, along with newer floors in 2026. Unit 2: One bedroom, one bathroom apartment on the second floor with its own washing machine. Unit 3 is a one bedroom, one bathroom unit that provides additional rental income. The property is heated by natural gas forced air and serviced by one hydro meter. All appliances are included! Located in one of Ottawa's most desirable rental areas with consistent tenant demand, this property offers excellent long term investment potential and the opportunity to generate reliable income from day one. A fantastic opportunity to own an affordable multi unit property in a prime central location. Book your private showing today! 24 hour irrevocable required on all offers. (id:7434)

General Features

Property Type Multi-family
Zoning Description R4H
CommunityName 4205 - West Centre Town
Amenities Public Transit, Park
Building Appliances Water Heater, Dryer, Stove, Two Washers, Refrigerator
Building Cooling Type None
Location Description Heading West on Gladstone Ave, Turn Right on Arthur St, Property is on the Left
Parking Space Total 1
Foundation Type Concrete
Building Type Triplex
Building.StoriesTotal 3

Interior Features

Building Fireplace Present False
Building Heating Type Forced air
Building Heating Fuel Natural gas
Basement Development Finished
Basement Type Full (Finished)
Living Area Range 1100
Bedrooms 4

Exterior Features

Land Amenities Public Transit, Park
Sewer Sanitary sewer
Exterior Finish Brick

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 K1R 7C4

Price
AVG $650K
$650K

Your Agent

Rebecca Keen

Broker

613-706-6710


Listing provided by Rebecca Keen, Broker, REMAX Hallmark Realty Group

Listed By
RE/MAX HALLMARK REALTY GROUP

Areas We Cover