23 POPLAR STREET$1,575,000

Developer investment opportunity in Little Italy area. Property consists of 21 & 23 Poplar Street. 21 Poplar building contains one 3 bedroom unit & one 1 bedroom unit. 23 Poplar contains one 1 bedroom unit; one 2 bedroom unit & one 4 bedroom unit. A large garage (2300 sq. ft.) contains: parking, storage, artist studio & woodworking shop. All residential units plus shops are fully rented on a month-to-month basis to long term tenants. Current rents, including residential and garage are $87,732 annually ($7311 per month). Size of the property and the current City of Ottawa zoning permits up to 12 residential units with the possibility of additional units if severance is approved by the municipality. The property is being sold for land values only. All development information is to be confirmed and approved by The City of Ottawa and is not warranted by the Seller. Many recent residential redevelopments located in the area. Close to shopping, public transit and Lebreton Flats area. (id:46641)