ON > Vanier And Kingsview Park > 3404 - Vanier
Vanier And Kingsview Park, ON K1L 6J7,329 Richelieu AVE
Vanier And Kingsview Park, ON K1L 6J7,329 Richelieu AVE
Vanier And Kingsview Park, ON K1L 6J7,329 Richelieu AVE
Vanier And Kingsview Park, ON K1L 6J7,329 Richelieu AVE
Vanier And Kingsview Park, ON K1L 6J7,329 Richelieu AVE
Vanier And Kingsview Park, ON K1L 6J7,329 Richelieu AVE
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 1,624,000
Est. payment | /mo

3,620 SqFt

Save
$ 1,624,000
Est. payment | /mo
Save

3,620 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 3,620 sqft

Price per Sqft $448

Subdivision 3404 - Vanier

MLS Listing ID X12070226

Annual Tax Amount $11,712

Tax Year 2024

Property Sub-Type Investment

Property Description

Perfect turn-key investment opportunity in a prime location just minutes from downtown Ottawa and the University of Ottawa! This fully rented, well-maintained corner property features seven bright and spacious units: 4 two-bedrooms, 2 one-bedrooms, and 1 bachelor making it an ideal addition to any investor's portfolio. The building is in excellent condition with high-quality tenants and strong rental income. Units 1 and 2 were fully renovated in April 2024, while Units 3 and 6 were updated within the past few years. The remaining units are also in very good condition. Common areas include coin-operated laundry and a rear patio for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. Walking distance to transit, shopping, restaurants, and everything this vibrant community has to offer, this property is a smart and reliable investment. Gross Income $116,686 and NOI of $80,862. NOI includes the cost to manage the property.

Location

Province ON

County Ottawa

Community 3404 - Vanier

Area Ottawa

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 42.45

Lot Depth 89.06

Listed by RE/MAX HALLMARK SAM MOUSSA REALTY
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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