277 ARLINGTON AVENUE, Ottawa
- Multi-Family
- Spacious 6-bedroom layout
- Ottawa location
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About This Property
Situated in Ottawa’s sought-after Centretown West community, this character filled triplex blends historic charm w/ modern functionality, offering three fully leased units, ideal for investors seeking strong income potential. Built in 1910 & set on a 31′ x 99′ lot, this R4S-zoned property has undergone many updates incl. 2nd Level Unit (Renovated 23′), 2nd & 3rd lvl wall unit AC installed in (23′), furnace (21′), Main Level with Basement unit (Fully Renovated 21′) & roof (08′). Each unit has been well-maintained, feat. vinyl or laminate flooring, upgraded kitchens + bathrooms & in-unit laundry. The spacious main lvl unit (3 bed, 2 bath) spans two levels, fully renovated in 21′ & w/ a renovated main level separate shower (Nov 25′), is a stunning unit to see & offers access to the sunroom & backyard. Rented for $2,505 + 1 parking spot. The second level unit (2 bed, 1 bath) was fully renovated in 23′ & showcases a quartz kitchen, covered balcony & modern finishes. Rented for $2,450 + 1 parking spot. The top lvl unit (1 bed, 1 bath,) offers an open layout, large bedroom & access to a fire escape. Rented for $1,470 (no parking included). Motion lighting for staircase to 2nd & 3rd Lvl. Exterior highlights incl. a detached garage (currently storage), landscaped yard & 2 legal parking spots ( w/ potential for 3 more spaces with roof modifications. Monthly rental income: $6,425. Yearly: $77,100. Upswing potential still & shows very well. Located steps to Bank St., Chinatown, Little Italy & the Glebe, enjoy the best of urban Ottawa w/ so many unique stores & restaurants in the immediate area & beyond. Just steps away to local faves like Arlington Five, Red Apron & Flora Hall Brewing or enjoy nearby recreation at McNabb Park, Lansdowne & the Rideau Canal. Quick transit (#14 & #85) or easy access to Hwy 417 make commuting a breeze. A prime opportunity to own a turn-key triplex in one of Ottawa’s most vibrant neighbourhoods, great for any lifestyle & an amazing opportunity. (id:66401)
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