174 ETHEL STREET$810,000


N/A bed

N/A bath

About the Property

An investors golden opportunity awaits with this ready-to-go building project offering the potential for a 6-unit building! With plans & permits, this property allows you to dive into construction without delay. NOTE: An artist's rendering gives a glimpse of the planned building, minor variances might allow for more units. Projected Rents are as followed: 1-1bedroom for $1650/mo and 5-2 bedroom units, $2350/mo = $160,800 gross income / yr... with Projected Operating expenses $38500/yr with NOI of $122,300/yr or 4.5% cap rate. Situated near a plethora of amenities, recreational facilities & cultural landmarks, the New Edinburgh Community & Art Centre the allure of this location extends beyond its immediate surroundings. Just a stone's throw away lies the iconic Byward Market, Global Affairs Canada, restaurants & cafés, shopping & so much more! This property also offers an easy access to the Alexandra & Macdonald-Cartier bridges facilitating seamless connectivity to neighboring areas. (id:46641)

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Listing Agent

Justin Wrigley


(613) 880-1607

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Property Details

City: Ottawa

Neighbourhood: Vanier

Lot Size: 0.11 ac


Property Type

Vacant Land

Land Size

0.11 ac

Land Depth

95 ft

Community Features

Family Oriented


Flat site


Basement Development

Not Applicable

Basement Type

Unknown (Not Applicable)


Additional Info

Listing Contract Date


Zoning Description