72 PRETORIA AVENUE, Ottawa
- Multi-Family
- Ottawa location
Ask Peter Sagos about this property
About This Property
This 6-unit fully tenanted residential building offers strong holding power, consistent rental demand, and valuable upside for savvy investors or portfolio builders. Composed of five 2-bedroom units, and a 1 bedroom unit. Coin operated laundry in the building. 2 parking spaces can generate extra income. Tenants pay hydro. Roof (2018), Windows (2016), Boiler (2025). Grocery store, LCBO, TD Bank, the Canal and bike/walking trail all located across the street, minutes to Carleton and Ottawa University, downtown government employment hubs, Highway 417 access and more; this easily attracts tenants making it easy to rent. FUTURE DEVELOPMENT POTENTIAL. Plans to add a building in the back have been approved with the City and ready to start. Whether you are looking to acquire a turnkey income generator, or secure a prime piece of central Ottawa real estate, 72 Pretoria Avenue delivers location, scale, and long-term capital appreciation potential. Gross Income $135,675. Operating expenses $30,340. NOI $105,334. Potential additional parking income $2400. (id:66401)
Property Details
Building & Features
Building
- Building type
- Multi-Family
Interior
- Heating
- Hot water radiator heat, Radiant heat, Natural gas
- Cooling
- None
- Fireplace
- No
- Appliances
- Washer, Dryer, Water Heater
Lot and land
- Lot dimensions
- Bldg=40 x 100.15 FT
- Frontage
- 40 ft
- Zoning
- R4S
- Water
- Municipal water
Location
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