NET ALMOST $100K PER YEAR - 6.2% CAP RATE! Exceptional investment opportunity - 10 BEDROOM/3,200+ sq. ft. FULLY RENOVATED DUPLEX in the heart of Sandy Hill! Each unit features 5 bedrooms, and in-suite laundry, providing excellent rental income. The upper unit offers 3 full bathrooms, while the lower unit includes 2 full bathrooms, making both layouts highly desirable for student living. Both units are finished with modern stainless steel appliances, updated kitchens, luxury vinyl plank flooring throughout (with hardwood flooring in the main living areas of Unit 1), and stylish tiled bathrooms. A substantial addition completed in 2016 as well as the roof for the entire building. This renovated legal duplex is located just steps from the University of Ottawa, offering a prime location with a long history of consistent occupancy by responsible university students and virtually no vacancy concerns offering exceptional cash flow in an unbeatable location close to transit, shopping, restaurants, and all downtown amenities. Annual Gross Income: $121,200, Annual Operating Expenses: $22,739, NOI: $98,460, CAP RATE: 6.2%. (id:13843)
| MLS # | X13879142 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 13 |
| Listing Provided By | AVENUE NORTH REALTY INC. | Eli Skaff |
| Bed(s) | 10 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 2 |
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Concrete |
| Parking Features | No Garage |
|---|---|
| Parking Total | 2 |
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 10202.3 |
|---|
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1N8A8 |
| Listing VS Median (in K1N8A8) | |
Price: $1,589,000 low | high Med: $2,784,500 sqft: 1,500 low | high Med: 2,500 $ / sqft: $1,059 low | high Med: $1,098 On site: 13 low | high Med: 37.5 | |
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1N8A8 |
| Listing VS Median (in K1N8A8) | |
Price: $1,589,000 low | high Med: $2,784,500 sqft: 1,500 low | high Med: 2,500 $ / sqft: $1,059 low | high Med: $1,098 On site: 13 low | high Med: 37.5 | |
![]() | $1,325,00095 Templeton StreetOttawa, ON K1N6X4 |