26 AYLMER AVENUE, Ottawa, Ontario, K1S 2W9

MLS® # X13199062

Investment For Sale In Old Ottawa South, Ottawa, Ontario

$1,699,000

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26 Aylmer Avenue, Ottawa, ON - Indoor Photo Showing Other Room

26 Aylmer Avenue, Ottawa, ON - Indoor Photo Showing Living Room With Fireplace

26 Aylmer Avenue, Ottawa, ON - Indoor Photo Showing Kitchen With Double Sink

26 Aylmer Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

26 Aylmer Avenue, Ottawa, ON - Indoor Photo Showing Office

26 Aylmer Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

26 Aylmer Avenue, Ottawa, ON - Indoor Photo Showing Laundry Room

26 Aylmer Avenue, Ottawa, ON - Outdoor With Exterior

26 Aylmer Avenue, Ottawa, ON - Indoor Photo Showing Kitchen

26 Aylmer Avenue, Ottawa, ON - Indoor Photo Showing Living Room

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26 AYLMER AVENUE, Ottawa, Ontario, K1S 2W9

$1,699,000

Property Information:

A rare multi unit gem in one of Ottawa's Most Coveted Neighborhoods. Welcome to a premier, fully tenanted investment opportunity in Old Ottawa South. Perfectly positioned on an expansive 30' x 161' lot, this property offers the ultimate combination of immediate cash flow and future development potential. The property boasts a major 3,000 sq. ft. addition completed in 2017, bringing the total to four self-contained, high-yielding apartments (one 3 bed, two 2 beds, and one 1 bed). Every unit benefits from the convenience of private, in unit laundry, a massive draw for top tier tenants. The original front unit has been tastefully modernized with gleaming hardwood floors, granite countertops, contemporary cabinetry, and a renovated bath. Mechanically, this building is a dream for hands off investors. It features updated roofing (2017), a 2017 sump pump, and independent climate controls. Utilities are efficiently split across 3 hydro meters, 3 gas meters, and 1 water meter. Currently generating a strong $11,349.31 in gross monthly rental income with a 6.3% cap rate, this property is rock-solid. Best of all? The City of Ottawa has indicated potential for a 5 plex conversion, giving you a clear path to instantly boost your equity and revenue whenever you're ready. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE IS. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Development: Finished
Basement Type: N/A
Exterior Finish: Brick, Vinyl siding
Floor Space: 3500 - 5000 sqft
Foundation Type: Concrete, Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dishwasher, Dryer, Two stoves, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Floor Space (approx): 3500 - 5000 Square Feet
Irregular: Yes
Lot Depth: 162 Feet
Lot Frontage: 30.3 Feet
Lot Size: 30.4 x 162 FT
Zoning: R3
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 2

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