102 CAMBRIDGE Street North, Ottawa, Ontario K1R7A7
Listing courtesy of ROYAL LEPAGE TEAM REALTY.
- $1,780,000
- List Price
- $1,780,000
- MLS®
- 1359829
- Days on Market
- 80
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Lot Size Dimensions
- 66 ft X 99 ft
- Subdivision
- West Centre Town
Property Description
Great investment, well managed and cared for by a conscientious longtime owner. Pride of ownership is apparent. Gross Effective Income $97,600, Net Operating Income $78,500. Huge addition, fire-retrofit, integrated fire alarm system, fire escape, electrical, plumbing, weeping tile, windows, doors, +++ in 2004/2006. Ongoing updates and upgrades over the years of ownership. Seven parking spots. Separate storage lockers for all units. Six apartments: 1 three-bedroom, 2 two-bedroom, 2 one-bedroom and 1 studio/bachelor. Three with in-unit laundry. Coin-op on site for the remaining three. Last unit updated was Unit 3 in 2015. Back roof shingles 2009, front 2019. Rents currently below market rate + current landlord does not charge for parking = potential 27% upside on income. Traffic-calmed street. 66’x99’ lot. Zoning R4UB. Call today for rent roll+details. Come make 102 Cambridge Street North your new investment! (id:5764)
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Additional Information
- Ownership
- Freehold
- Subdivision
- West Centre Town
- Parking Spaces
- 7
- Country
- Canada
- Sewer
- Municipal sewage system
- Heating
- Baseboard heaters, Electric
- Total Number Of Units
- 6
- Stories
- 3
