Purpose-built FOURPLEX on a 66' x 99' lot with N4B H zoning (formerly R4UD). This property offers both strong in-place income and excellent future development potential. This well-maintained property features four fully occupied residential units - two one-bedroom and two two-bedroom suites-plus a separately rented garage/warehouse currently used for storage, with flexibility for alternative uses such as a studio, loft-style space, or traditional parking. The building provides multiple income streams and tenant-friendly amenities, including designated parking for all tenants, storage lockers, coin-operated laundry, a utility room, and a convenient common powder room, for an annual total income of $90,600.00 (Cap rate of 5.5%). Outdoor spaces include an upper deck and a private front garden patio with lattice screening, reflecting pride of ownership throughout this long-held asset. Key updates include thermopane windows (2006 with some windows also replaced within last 5 years), flat roof (2006, with metal roof on garage), fire retrofit (2010), and an owned boiler with water storage tank (2015). The property is fully upgraded with a 100 AMP breaker panel, additional fuse panel, and no knob-and-tube wiring. Offering an ideal location at the corner of Vanier Parkway and Montreal Road, tenants love to be centrally located just steps from downtown Ottawa. The property offers easy access to shopping, transit, schools, parks, and recreational amenities, making it highly attractive to tenants. The downtown core is easily reachable by foot, bike, car, or public transit. INCLUDES: 4 fridges, 4 stoves, 2 hood fans, 1 microwave/hood fan, 1 dishwasher, 1 coin-operated washer, 1 coin-operated dryer, owned boiler, and 6 hydro meters. Note: 48-hour irrevocable required on all offers. (id:4069)
Address
213 DESROSIERS STREET
List Price
$1,219,900
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Bedrooms
6
Bathrooms
5
Half Bathrooms
1
Floor Area
3000 - 3500 Sq. Ft.
Lot Size
66 x 99 FT Sq. Ft.
Lot Depth
99 ft
Frontage Length
66 ft
MLS® Number
X13012740
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
None
Postal Code
K1L7T2
Parking Places (Total)
6
Appliances
Dishwasher, Dryer, Hood Fan, Microwave, Stove, Washer, Refrigerator
Heat Source
Natural gas
Heat Type
Radiant heat
Cooling Features
None
Foundation Details
Concrete
Other Structures
Deck, Patio(s)
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
