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403 PEACH TREE LANE

Ottawa, Ontario K1K2R7

$1,369,000 for sale



MLS®:
1418857
Contract Days:
20
Community:
Viscount Alexander Park
Ownership:
Property Type:
RU4A Triplex , Attached
Total Size:
55.94 ft X 99.87 ft
Built Date:
1959
Parking:
5
Bedrooms:
+
Bathrooms:
Interior Features

Construction Style:
Attached
Total Stories:
2
Total Bedrooms:
Bedrooms Above Ground:
Bedrooms Below Ground:
Total Bathrooms:
Whole Bathrooms:
0
Half Bathrooms:
Basement Type:
Full (Finished)
Basement Development:
Finished
Appliances:
Exterior Features

Built Date:
1959
Exterior Finish:
Brick
Foundation Type:
Utitilies

Heating Type:
Baseboard heaters, Forced air
Heating Fuel:
Natural gas
Cooling Type:
None
Utility Water:
Municipal water
Sewer:
Municipal sewage system
Total Fireplaces:
Type
Level
Size

Note

Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement. (id:19004)

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