250 HANNAH STREET new

Ottawa,ON K1L7N2

$ 699000

4 Beds

3 Baths

1500 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $466

Subdivision 3402 - Vanier

MLS Listing ID X12314287

Bedrooms 4

Source Ottawa Real Estate Board

Property Description

Fantastic Investment opportunity with a STRONG CAP RATE! ! Legal triplex on a large 50x100 ft lot with R4UA-c zoning. Strong rental income with Gross Operating Income of $53,880/year. Unit 1: 1 bed/1 bath rented at $1,300/month (all inclusive). Unit 2: 2 bed/1 bath rented at $1,795/month (all inclusive). Unit 3: 1 bed/1bath rented at $1395/month (all inclusive). Endless flexibility to rent, renovate, or redevelop. Rare land assembly potential with neighbouring 244, 256, and 258 Hannah also available, combine for total lot size of 180x100 ft -- (18000 Sq.Ft. ). Own the block, collect the income, and control the future. Great upside in an evolving neighbourhood. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters

Cooling Window air conditioner

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 8

Private Pool No

Building

Story 2

Sewer Sanitary sewer

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