255 FIFTH AVENUE, Ottawa, Ontario, K1S 2N1

MLS® # X12331780

Investment For Sale In Glebe - Dows Lake, Ottawa, Ontario

$2,200,000

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255 Fifth Avenue, Ottawa, ON - Outdoor With Facade

255 Fifth Avenue, Ottawa, ON - Outdoor With Exterior

Steps to Bank Street with shops and restaurants. - 255 Fifth Avenue, Ottawa, ON - Outdoor With Facade

Steps to Brown's Inlet. - 255 Fifth Avenue, Ottawa, ON - Outdoor With Body Of Water With View

255 Fifth Avenue, Ottawa, ON - Outdoor With Body Of Water With View

Just minutes to Lansdowne Park. - 255 Fifth Avenue, Ottawa, ON - Outdoor With View

255 Fifth Avenue, Ottawa, ON - Outdoor With View

255 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Other Room

255 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Kitchen

255 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

255 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

255 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Living Room

255 Fifth Unit1 - 255 Fifth Avenue, Ottawa, ON - Other

255 Fifth Unit 2 - 255 Fifth Avenue, Ottawa, ON - Other

253 Fifth Unit 1 - 255 Fifth Avenue, Ottawa, ON - Other

253 Fifth Unit 2 - 255 Fifth Avenue, Ottawa, ON - Other

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255 FIFTH AVENUE, Ottawa, Ontario, K1S 2N1

$2,200,000

Property Information:

TURNKEY FOURPLEX (GROSS INCOME $144,600/EXPENCES $24,167/NET INCOME $120,432)+ COVETED LOCATION in the heart of The Glebe with it's vibrant lifestyle and unbeatable walkability ~ shops, restaurants, pubs, music venues, bakeries, coffee shops, top-tier schools ~ green space including pathways along the Rideau Canal and several parks including Brown's Inlet Park (with 2 beautiful ponds that flow into the Rideau Canal) and Lansdowne Park, where you can enjoy sports events, concerts, restaurants & community spaces. Easy access to Carleton University, Dows Lake and downtown. PROFITABLE ADDITION to any real estate investment portfolio with steady income and superior LONG-TERM GROWTH POTENTIAL with it's ideal location and easy rentability. Strong demand and FULLY RENTED at market rental rates. Blend of modern conveniences and historic charm make this an ideal owner-occupied property. Great curb appeal with it's all-brick exterior and spacious covered balconies. FOUR UNITS each with 2 storeys, hardwood floors and in-unit laundry ~ 2- 5 bedrooms units and 2- 4 bedroom units. Garage and driveway parking further add to rentability. Visit our 360 tour under attached link "Unbranded Virtual Tour". Do not miss this opportunity to own an excellent investment opportunity in one of Ottawa's top rental markets. Call today for a private viewing and for financials. This is THE ONE! (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 3500 - 5000 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Features: Carpet Free
Floor Space (approx): 3500 - 5000 Square Feet
Irregular: Yes
Lot Depth: 66.0 Feet
Lot Frontage: 50.0 Feet
Lot Size: 50 x 66 FT
Structure Type: Deck
Sewer: Sanitary sewer
Parking Type: Attached garage, Garage
No. of Parking Spaces: 4

Courtesy of: RE/MAX HALLMARK REALTY GROUP

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