329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7
329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7
329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7
329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7
329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7
329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7
329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7
329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7
329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7
329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7
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For Sale

$1,624,900

329 RICHELIEU AVENUE , Ottawa, Ontario K1L6J7

Remarks

Discover this well-maintained 7-unit multifamily building just minutes from the heart of Ottawa, offering steady cash flow and upside potential. This turnkey investment combines solid tenants, attractive unit mix, and a desirable neighborhood with high demand for rental housing. The prime location is walkable to transit, schools, parks, shopping, dining, and cultural amenities, and is within close proximity to the University of Ottawa. Unit mix is comprised of four 2-bedrooms, two 1-bedrooms and one bachelor. All units are in excellent condition, with two of the units completely renovated in spring 2024, and two others upgraded in the past few years. Onsite laundry is available for tenant convenience and an additional source of income. The property also features an outdoor patio are for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. (id:27)

Property Summary

  • Neighbourhood: 3404 - Vanier
  • Lot Frontage: 42.5 Feet
  • Lot Depth: 90 Feet
  • Lot Size: 3620 Acres
  • Floor Space (approx): 3620 Square Feet
  • Acreage: Yes
  • Zoning: R4B

Property Features:

  • Amenities Nearby:
    Public Transit
  • Equipment Type:
    Water Heater
  • Property Type:
    Multi-family
  • Rental Equipment Type:
    Water Heater

Building Features:

  • Appliances:
    All
  • Building Type:
    Multi-Family
  • Cooling Type:
    None
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Hot water radiator heat
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Agent

Tony Davies

Sales Representative

Phone: 613.735.1062

Agent

Evan Davies

Sales Representative

Phone: 613.735.1062

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