Address
250 RUSSELL AVENUE Ottawa, ON
Price
$ 1,349,900
Property Attributes
  • ID#1259152
  • TypeMulti-Family
  • CityOttawa
  • NeighbourhoodSandy Hill
  • Postal CodeK1N 7X5
  • StyleAttached
  • Price$ 1,349,900
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Edmundo Roa with Exp Realty
Data Source:
RLP - CREA EN
Property Description

Calling all investors, contractors or anyone looking for a fall/winter project...opportunity knocks in desirable Sandy Hill! This solid concrete block building sits on an extra deep 148-foot lot with possibility to build or develop the back of the property. Proper parking lot lines could be added to the back of the property to collect additional parking fees, or its easily turned into a family backyard. Currently used as student rentals with a total of 13 rooms, this property is a triplex with a non-conforming 4th unit. Unit 1 is 4 bedrms. Units 2, 3 & 4 are all 3 bedrms. If the property was fully occupied the estimated annual income would be $103,020 with estimated expenses of $25,715, estimated NOI of $77,305 (estimated cap rate of 5.5%). Updates include roof 2020, all windows 2021. 24 hours' notice for showings on Tenant occupied units. Currently 12 out of 13 rooms are leased. (id:27)

General Features

Parking Spaces 6

Exterior Features

Lot Frontage 33.0
Lot Size 33.01 ft X 148 ft
Jumpid 16167880
Mls 1259152

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K1N 7X5

Price
AVG $1.35M
$1.35M
Visits
AVG 54
54
Year Built
AVG 1920
1920
Walkscore
AVG 72
72
Data Provided by Walkscore ® not using MLS data