135 CONCORD STREET S, Ottawa, Ontario

$2,600,000

Substantially rebuilt 9-unit apartment building located within walking distance of Ottawa University Lee's Campus, Main Campus, and St Paul's University campus. Largely rebuilt down to the studs in 2019 from the basement to the roof. The long list of work included concrete repair, membrane around the foundation, plumbing infrastructure with water submeters for all units, electrical, upper roof, tankless boiler, radiators, windows, fire alarm system, asphalt, appliances, and completely remodeled units. All tenants pay for electricity and water in addition to their rent. Paid parking and coin laundry. Heating is a central tankless boiler system with high-efficiency radiators. All rents are currently quite below the market value giving the successful buyer a substantial upside opportunity. Tenants are a mix of students and young professionals. Rarely available, this is a long-term legacy investment opportunity for you and your family. No vendor mortgage is available. (id:56241)

Listing ID: 1411198
Property Type: Multi-family
Year Built: 1950

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Details

Management Company: Self-Managed -
Ownership: Freehold
Parking Spaces: 7
Transaction: For sale
Zoning Description: R3P

Building

Constructed Date: 1950
Exterior Finish: Brick, Concrete, Wood siding
Fireplace Present: False
Foundation: Poured Concrete
Heating: Hot water radiator heat
Heating Fuel: Other
Stories Total: 2
Utility Water: Municipal water

Land

Sewer: Municipal sewage system
Size Frontage: 61 ft ,1 in
Size Irregular: 61.1 ft X 95.8 ft

Listing provided by KELLER WILLIAMS INTEGRITY REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 135 CONCORD STREET S in Ottawa Ontario. It was last modified on September 11th, 2024. Contact us to schedule a viewing or to discover other Ottawa real estate for sale.

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