Description
Prime Investment Opportunity in Ottawa Turnkey 5-Plex with Excellent Returns: Welcome to 309 Cyr Avenue, an exceptional chance to secure a fully tenanted, income-producing 5-unit property in a desirable Ottawa neighbourhood. Whether you're an experienced investor or looking to grow your portfolio, this asset delivers reliable cash flow today with strong upside potential. This well-maintained 5-plex offers a versatile mix of spacious, updated units occupied by quality tenants. The exterior has been recently renovated, boosting curb appeal and minimizing capital expenditures in the years ahead. Inside, with room to further enhance rents and maximize income, this property has much upside potential. With steady income in place and under-market rents, this property is perfectly positioned for a new owner to unlock additional value through strategic updates and rental increases over time. Key Features: Five fully rented units with strong tenancy history; Newly renovated exterior low maintenance for years to come; Excellent location close to schools, transit, shopping, and Ottawas downtown core;; Opportunity to increase revenues and build long-term equity This is your chance to acquire a turnkey multi-unit property in one of Ottawas most robust rental markets. Properties of this calibre and income potential rarely become available. Don't wait, schedule your private tour today and see everything 309 Cyr Avenue has to offer! Contact the listing agent for full financial statements, rent rolls, and to arrange a confidential viewing. (id:13843)
Details
| MLS # | X12905856 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 179 |
| Listing Provided By | SUTTON GROUP - OTTAWA REALTY | Leo Trudel |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,500 |
| Basement | Y |
| Story(s) | 2 |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 5 |
Taxes
| Tax Annual Amount | 8759 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1L7N6 |
| Listing VS Median (in K1L7N6) | |
Price: $1,250,000 low | high Med: $549,950 sqft: 3,500 low | high Med: 1,100 $ / sqft: $357 low | high Med: $567 On site: 179 low | high Med: 102.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1L7N6 |
| Listing VS Median (in K1L7N6) | |
Price: $1,250,000 low | high Med: $549,950 sqft: 3,500 low | high Med: 1,100 $ / sqft: $357 low | high Med: $567 On site: 179 low | high Med: 102.5 | |
 | $2,000,000183 Montreal RoadOttawa, ON K1L6E2 |