$900,000 – $1,000,000 Multi-Family Homes For Sale

Ottawa, Ontario

Purpose built triplex on a deep lot. Zoning (R4-UA) would allow you to expand this building. Great cash flow and tenants pay their own Hydro. Good location close to schools, parks, transit and shopping. Peak metal roof. Gas Furnace (2024).More then $150,000 in renovations includes Kitchens, Bathrooms, Flooring, Fire Alarm, Front door entrance, etc. 4 electrical metres outside. Bsmt 1 Bedrm $1,700, Main Flr 2 Bedrm $2,100, Upstairs 2 Bedrm $2,000. Average Laundry income $100/mth. Annual Expenses $15,102. Annual Income $70,800. Net Income $55,695. (id:50982)

Ottawa, Ontario

Rare opportunity in the heart of Westboro! This spacious semi-detached home and LEGAL DUPLEX sits on a generous corner lot on a quiet street and has been converted into 3 self-contained units (two 2-bedroom units and one 1-bedroom unit) and is generating over $5,600/month in rental income. Updated with investors in mind, major upgrades include plumbing, electrical, roof, and windows (2022). Each unit features its own private entrance, full kitchen, bathroom, and in-unit laundry. Huge windows floor the space with natural light, and the entire property is carpet-free! Rents are currently below market, offering excellent upside potential. Located steps to transit, grocery stores, schools, parks, a fenced dog park, trendy shops, restaurants, and the Ottawa River, with easy access to Highway 417 and downtown. Fenced backyard, attached garage, and large driveway included. A turnkey investment opportunity, or a spacious property easily converted back to a single-family home with in-law suite! Currently rented to great month-to-month tenants. (id:50982)

Ottawa, Ontario

Incredible Investment Opportunity! This beautifully renovated, fully tenanted income property offers multiple revenue streams on a sprawling 1.09-acre lot in the heart of Greely. Boasting VM-3 zoning, this versatile property provides endless potential for investors. The main house features two beautifully updated residential units: Unit A: A spacious 4-bedroom, 1.5-bath unit with soaring 10-ft ceilings in the living room, generating $2,850/month. Unit B: A cozy 1-bedroom, 1-bath unit, bringing in $1,800/month. Additional income sources include: Insulated 2-bay garage: Renting for $1,431/month. Commercial-grade, fully insulated Quonset hut: Featuring 1,800 sq. ft. of warehouse space with two man doors and two garage doors, 200 amp panel, leased at $2,375/month + propane. Cap Rate of 7.68%%, this property is both a stable and high- potential addition to any investment portfolio. Cash flow of about $2,040/mth. 1.51 DSCR. ROI over 19.55%. The huge fenced lot, bordered by a creek, offers beautiful landscaping, ornamental trees, perennial gardens, and plenty of space for vegetable gardens, play structures, or pets. Located just 16 minutes from the Ottawa International Airport and 7 minutes from Findlay Creeks shopping district, this property is conveniently close to schools, parks, the library, grocery stores, and the post office. Steeped in history, the “Old Post” has served as a post office, country store, and village center for over a century. Whether you’re looking to expand your investment portfolio or explore new business opportunities, this rare find is not to be missed! Village Mixed-Use (VM3) zoning allows for residential and non-residential uses including: community centre, day care, food production, municipal service centre, personal service business, restaurant and retail store. Call today for more details or to book a viewing! (id:50982)

Ottawa, Ontario

Opportunity to own a Fourplex with nostalgic Barber Shop (could be retail) on the Ground floor. Hardwood flooring with ceramic in the kitchens. R4T[479] zoned allowing for multiple development potential. Easy access to the 417 Hwy, fabulous for commuting. Walking distance to groceries, shopping, the Glebe, Golden Triangle, Ottawa Downtown, Bank Street, Elgin Street. Two – 1 Bedroom units on the second and third floor, Two – Bachelor units located behind the barber shop (access via driveway) the other through the main building door on the ground level. Parking in private driveway for up to 3 vehicles. Tenants are all long time tenants – Month to Month. Separate Hydro meters. Showings available Mon-Fri 10am-4pm. Showing Requests require 48 hours notice. Potential GOI: $52,440 / Expenses:$9,300 / NOI: $42,091 (id:50982)