110 GENEST STREET$950,000

#1350513

N/A bed

N/A bath

About the Property

Welcome to 110 Genest - Discover an exceptional investment opportunity in one of Ottawa's up and coming neighbourhoods - steps from Beechwood Avenue! This exceptionally well-maintained corner lot triplex features three 2-bed, 1 bath units with full sized in-unit laundry. Additional updates: high-efficiency boiler (2018) ,updated windows (Unit 1 in 2018, Unit 2 in 2022, Unit 3 in 2019), flat roof (approx. 2010) ,copper water service (2019), rebuilt property entrance/basement stairs (2020) and ductless air conditioners in two units. All units have sub-metered hydro, and no rental equipment in building, all owned. All units are tenanted. Quick walk to Metro grocery store, Starbucks, LCBO, Anytime Fitness, Rideau River & dozens of other great amenities. Gross rent is currently $55,740/year, Expenses for 2022 were approx. 10,846.99, cap rate approx. 4.72%. Don't miss your chance to own an investment property in this rapidly developing neighbourhood. (id:46641)

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Property Details

City: Ottawa

Neighbourhood: Vanier

Property

Property Type

Multi-family

Land Depth

59 ft ,11 in

Features

Corner Site, Balcony

Building

Basement Development

Finished

Basement Type

Full (Finished)

Storeys

3

Building Style

Triplex

Exterior Finish

Brick

Heating Type

Heat Pump, Radiant heat

Cooling Type

Heat Pump

Foundation Type

Poured Concrete

Parking Space Total

3

Measurements

Additional Info

Lease Type

Gross

Listing Contract Date

2023-07-06

Zoning Description

R4UA

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