Address
72 Pretoria Avenue, Ottawa, ON
Price
$ 1,985,000
Property Attributes
- ID#X13719870
- TypeMulti-Family
- Listing Status Active
- MunicipalityOttawa
- CityOttawa
- Area4402 - Glebe
- Neighbourhood4402 - Glebe
- Postal CodeK1S 1W9
- Style
- Price$ 1,985,000
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage5000
Data Source:
Canadian Real Estate Association (CREA)
Property Description
This 6-unit fully tenanted residential building offers strong holding power, consistent rental demand, and valuable upside for savvy investors or portfolio builders. Composed of five 2-bedroom units, and a 1 bedroom unit. Coin operated laundry in the building. 2 parking spaces can generate extra income. Tenants pay hydro. Roof (2018), Windows (2016), Boiler (2025). Grocery store, LCBO, TD Bank, the Canal and bike/walking trail all located across the street, minutes to Carleton and Ottawa University, downtown government employment hubs, Highway 417 access and more; this easily attracts tenants making it easy to rent. FUTURE DEVELOPMENT POTENTIAL. Plans to add a building in the back have been approved with the City and ready to start. Whether you are looking to acquire a turnkey income generator, or secure a prime piece of central Ottawa real estate, 72 Pretoria Avenue delivers location, scale, and long-term capital appreciation potential. Gross Income $135,675. Operating expenses $33,658. NOI $102,016. Potential additional parking income $2400. (id:7434)
General Features
| Property Type | Multi-family |
|---|---|
| Zoning Description | R4S |
| CommunityName | 4402 - Glebe |
| Amenities | Highway, Public Transit |
| Building Appliances | Dryer, Water Heater, Washer |
| Building Cooling Type | None |
| Business Type | Residential |
| Business Sub Type | Apartments |
| Location Description | Cross Streets: Pretoria Ave./Metcalfe St. ** Directions: Queen Elizabeth Drive to Pretoria Avenue. Corner of Pretoria/Metcalfe behind the Loblaws. |
| Building Type | Multi-Family |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Radiant heat, Hot water radiator heat |
| Building Heating Fuel | Natural gas |
| Living Area Range | 5000 |
Exterior Features
| Land Amenities | Highway, Public Transit |
|---|
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in K1S 1W9
Price
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