135 Concord Street S Ottawa, Ontario K1S 0Z3

$2,600,000

Substantially rebuilt 9-unit apartment building located within walking distance of Ottawa University Lee's Campus, Main Campus, and St Paul's University campus. Largely rebuilt down to the studs in 2019 from the basement to the roof. The long list of work included concrete repair, membrane around the foundation, plumbing infrastructure with water submeters for all units, electrical, upper roof, tankless boiler, radiators, windows, fire alarm system, asphalt, appliances, and completely remodeled units. All tenants pay for electricity and water in addition to their rent. Paid parking and coin laundry. Heating is a central tankless boiler system with high-efficiency radiators. All rents are currently quite below the market value giving the successful buyer a substantial upside opportunity. Tenants are a mix of students and young professionals. Rarely available, this is a long-term legacy investment opportunity for you and your family. No vendor mortgage is available. (id:43934)

Property Details

MLS® Number	1411198
Property Type	Multi-family
Neigbourhood	Ottawa East
ParkingSpaceTotal	7

Building

ConstructedDate	1950
ExteriorFinish	Brick, Concrete, Wood Siding
FoundationType	Poured Concrete
HeatingFuel	Other
HeatingType	Hot Water Radiator Heat
StoriesTotal	2
UtilityWater	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
SizeDepth	95 Ft ,10 In
SizeFrontage	61 Ft ,1 In
SizeIrregular	61.1 Ft X 95.8 Ft
SizeTotalText	61.1 Ft X 95.8 Ft
ZoningDescription	R3p

https://www.realtor.ca/real-estate/27401310/135-concord-street-s-ottawa-ottawa-east