$1,699,000

Multiplex

26 Aylmer Avenue, Ottawa, ON

3 DAYS
8
6
0
3500-5000
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Listed by ROYAL LEPAGE PERFORMANCE REALTY

Property Highlights

Parking

2 spaces

Property Tax

$15,949/yr

Lot Size

4,917 sqft

Style

3-Storey

Basement

Finished

Monthly Cost

$8,503/mo

About This Home

Incredible investment opportunity in Old Ottawa South! Large multi-unit on expansive 30' x 161' lot newer 3,000 sqft addition containing 3 additional apartments plus main front house. All 4 apartments tenanted. One 3-Bedroom unit, two 2-Bedroom units and one 1 Bedroom unit. The older front of home unit has been updated with hardwood floors, granite countertops and newer cabinetry and updated bathroom - it has it's own Furnace (2020), A/C (2017) and Hot Water Tank (Rental). New addition completed in 2017 with 2 Furnaces and 2 Central Air units. 3 Hydro meters, 3 gas meters and 1 water meter. All units have in-unit laundry. Sump pump 2017, Roof 2017. City of Ottawa has suggested plan of a 5-plex for potential income increase. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE. Cap rate: 6.3%.

Monthly Cost

Monthly Mortgage$7,174
Property Tax ($15,949/yr)$1,329
Total$8,503

Price & Listing History

Schools

Location

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Listing Presented By

Iryna Tarabanovska

Iryna Tarabanovska

REALTOR®

+1 (647) 570-8221
iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage