102 CAMBRIDGE STREET N$1,780,000

#1359829

N/A bed

N/A bath

About the Property

Great investment, well managed and cared for by a conscientious longtime owner. Pride of ownership is apparent. Gross Effective Income $97,600, Net Operating Income $78,500. Huge addition, fire-retrofit, integrated fire alarm system, fire escape, electrical, plumbing, weeping tile, windows, doors, +++ in 2004/2006. Ongoing updates and upgrades over the years of ownership. Seven parking spots. Separate storage lockers for all units. Six apartments: 1 three-bedroom, 2 two-bedroom, 2 one-bedroom and 1 studio/bachelor. Three with in-unit laundry. Coin-op on site for the remaining three. Last unit updated was Unit 3 in 2015. Back roof shingles 2009, front 2019. Rents currently below market rate + current landlord does not charge for parking = potential 27% upside on income. Traffic-calmed street. 66’x99’ lot. Zoning R4UB. Call today for rent roll+details. Come make 102 Cambridge Street North your new investment! (id:46641)

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Listing Agent

Philip Cote

Salesperson

(613) 299-5388

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Property Details

City: Ottawa

Neighbourhood: West Centre Town

Property

Property Type

Multi-family

Ownership Type

Freehold

Land Depth

99 ft

Building

Storeys

3

Exterior Finish

Brick, Siding, Wood

Heating Type

Baseboard heaters

Foundation Type

Poured Concrete

Parking Space Total

7

Measurements

Additional Info

Listing Contract Date

2023-09-08

Zoning Description

R4UB

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