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118 Marier Avenue, Vanier And Kingsview Park, ON K1L 5S1

$1,379,000
: 11
BD
: 6
BA
: 3,500
SqFt

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List Price: $1,379,000
MLS#: X13869950
Status: ACTIVE
Type: Multifamily
SubType: Multiplex
Style: 2-Storey
Bedrooms: 11
Bathrooms: 6
Living Area: 3500-5000
Province: ON
Municipality: Vanier And Kingsview Park
Area: Ottawa
Neighborhood: 3402 - Vanier
Subdivision: Beechwood To Marier

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Property Description

Calling all investors and developers! Rare opportunity to own a 6-unit building on a double lot in the heart of Vanier. The property features five 2-bedroom units and one bachelor, with two units currently vacant, giving a new owner the opportunity to set their own rents from day one. There is plenty of upside with two additional units currently rented below market and potential to add a 7th unit in the basement, subject to buyer due diligence and approvals. The double lot also offers future redevelopment potential, with the possibility of replacing the existing building with two multi-unit buildings, subject to zoning, approvals and buyer due diligence. Located close to Montréal Road, Beechwood Avenue, shopping, restaurants, public transit and just minutes from downtown, St. Laurent Shopping Centre and Train Yards. Multiple ways to increase income and add value. See attached pro forma for additional financial details.

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Additional Information

Taxes: $9,665
Heat Type: Water
Heat Source: Other
Air Conditioning: None
Kitchens: 6
Exterior: Concrete
Garage Type: None
Pool: None
Parking Spaces: 5