| Message Number | 420396 | ||||||||
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| status | Active | ||||||||
| Subject Line | Two Side-by-Side 20-residential and 4-commercial unit buildings in Little Italy, Ottawa. Asking $6.8 Mil or $3.5 Mil for one. | ||||||||
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| Location, City | Ottawa | ||||||||
| Have/Want | Have | ||||||||
| Business category | Commercial Buildings/Hotels/Motels Apartment buildings/multi unit/condo townhouse projects/investments |
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| Date of Listing | October 24 2023 | ||||||||
| Type Description | Multiresidential+commercial property with 24 units | ||||||||
| Location | Ottawa | ||||||||
| Price | $6,800,000.00 | ||||||||
| Net Income | $300,000 | ||||||||
| Comments | Fantastic Investment opportunity in the heart of "Little Italy" in Ottawa.
* Well, maintained newly renovated 3-storey walk up buildings featuring a mix of ground floor retail and residential apartments. Unit mix consists of 6 - Bachelor ($1,200/month ), 10- 1 bedrooms ($1,600/month ), 4 2-bedrooms ( $1,750/month) 4 -commercial ground floor units * Extensive fire retrofit upgrades completed to both buildings * Walking distance to the new transit Bayview light rail station and new NHL arena * Rich and vibrant community close to many shops and restaurants * Conveniently located across the street from Plouffe park and the Plant recreation centre. Access to indoor public pool, gym and outdoor playground area. * TM zoning allows for many developments possibilities * front window balconies * onsite parking and access to laundry AREA "HIGHLIGHTS" National Capital Commission has entered into an Memorandum of Understanding agreement with the Ottawa Senators hockey team to build a new NHL arena at Lebreton Flats https://renx.ca/dream-lebreton-unveils-two-tower-design-for-ottawa-project. This is located a few blocks away from the property. A new ownership group will be announced in the coming months to purchase the Ottawa Senators and a full lease agreement will be signed with construction soon to follow. The apartment buildings have enjoyed accelerated rents in the area that will continue to grow especially with the upcoming news surrounding the Ottawa Senators. The 4 Ground floor commercial units can be converted back to 8 1- bedroom apartment units to make this a 28 unit apartment complex. Asking $6.8 Mil for both or $3.5 Mil for one. |
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| Internet Links | |||||||||
| Member Identifier | 8728 | ||||||||
| Control | Exclusive | ||||||||
| Name | Alina Spektor | ||||||||
| Title | Realtor | ||||||||
| Company Name | Re/Max Experts | ||||||||
| Address Line One | 3582 Major Mackenzie Dr. W, #204 | ||||||||
| City | Vaughan | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | L4H 3T6 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (905)499-8800 | ||||||||
| Cell Number | 647-864-2700 | ||||||||
| Home Number | 647-864-2700 | ||||||||
| FAX Number | 905-553-5020 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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