246 Laurier Ave E

For Sale New 5 hours
$2,400,000
beds
baths
4,706 Sqft

246 Laurier Ave E

For Sale New 5 hours
$2,400,000
beds
baths
4,706 Sqft

Highlights

Key insights

Description

Tired of residential tenants? Invest in a well-maintained multi-purpose building with strong anchor tenants in one of Ottawas premier rental markets - Sandy Hill. This cornerstone opportunity can be the one that carries your entire portfolio, because the owner is able to offer a favourable VTB for qualified borrowers. With 20% down you can cashflow over $2000/month from day 1! This standalone building offers the main floor and basement restaurant / bar with over 3100 sq ft, as well as two 2-bedroom units totalling approx. 1560 sq ft. on the upper floors. NOI approx. 161k, which is a 6.7% CAP rate, which is almost impossible to beat in this area right now. Parking for up to 4 vehicles. Situated close to the Rideau Centre, U of O, Adawe Bridge, Access to 417, 48 hours notice for all showings, and 48 hours notice for all offers. (id:63267)

Sean Tasse of RE/MAX HALLMARK REALTY GROUP,
#X12399703
updated 5 hours ago.
Houseful checked MLS® for data 5 hours ago.

Home overview

Amenities / Utilities
  • Cooling
    Fully air conditioned
  • Heat source
    Natural gas
  • Heat type
    Other
Location
  • Subdivision
    4004 - sandy hill
Overview
  • Lot size (acres)
    0.0
  • Building size
    4706
  • Listing #
    X12399703
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28854196/246-laurier-avenue-e-ottawa-4004-sandy-hill
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-6,400

/ Month
25 Years fixed, 20% down payment, % interest
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