203-205 MARIER AVENUE, Ottawa
- Multi-Family
- Spacious 22-bedroom layout
- 5-car parking
- Ottawa location
Ask Peter Sagos about this property
About This Property
Visit the REALTOR website for further information about this Listing. Seven rental units in two buildings near Beechwood Avenue in east-central Ottawa. The location offers access to Montfort Hospital, downtown, the University of Ottawa, ByWard Market, and Highway 417. The area is very popular with young professionals and students. 203 Marier is a fully rented triplex with three two-bedroom, one-bathroom units. It has five exterior storage lockers and coin-operated laundry in the basement. Updates include windows (2019), pavement and exterior cladding (2023), and the roof (2026). Two units are furnished. The boiler and hot water tanks are owned. 205 Marier is a fully rented fourplex with one two-bedroom, one-bathroom unit; one two-bedroom, two-bathroom unit; and two one-bedroom, one-bathroom units. Updates include windows and the roof (2019), and pavement and exterior cladding (2023). The furnace and hot water tank are rented from Enercare. Approximate annual gross income is $157,800. Projected net operating income is approximately $122,000, which represents a 5.5% cap rate at the asking price. The properties are offered as-is. Easy Street Services manages the properties and is willing to continue, subject to an agreement with the buyer. Reported CM1 zoning may allow future development. (id:66401)
Property Details
Building & Features
Building
- Building type
- Other
- Storeys
- 2
- Exterior
- Stucco, Vinyl siding
- Foundation
- Concrete
Interior
- Basement
- Finished, Full
- Bedrooms above grade
- 10
- Bedrooms below grade
- 12
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Fireplace
- No
- Appliances
- Furniture
Parking
- Garage and parking
- No Garage
Lot and land
- Lot dimensions
- 80 x 114 FT
- Frontage
- 80 ft
- Zoning
- R4E-c
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
Interested in This Property?
Message
Send us a message
Your message goes to Right at Home Realty, Brokerage, which runs this website, not to the listing brokerage.
Listing content is protected by copyright and is intended for private, non-commercial use.