179-181 Cathcart Street Ottawa, Ontario K1N 5C1

$1,698,800

Turn-key investment property in an ideal location, steps to embassies, government buildings, trails, shops and the river in a beautiful pocket of Lower Town. This triplex has been extensively renovated and upgraded from top to bottom, absolutely everything is done! Best of all, it brings in almost 100k of annual rent with it's 3 large apartments. Tall ceilings, huge rooms, stunning kitchens, beautiful curb appeal, two upstairs balconies and one main floor deck, 2 parking spaces, 3 separate private entrances, all en-suite laundy, 3 hydro meters. Recently converted from duplex to triplex with the city. Upstairs is tenanted for $3100, Main floor tenants pay $2950 and basement is vacant (market rent is $2100). Upgrades include: All appliances 2023, Roof 2024, Boiler 2023, heat/AC pumps 2023 and lots more! This one is cash flow positive with today's interest rates and so easy to rent! (id:43934)

Property Details

MLS® Number	1415353
Property Type	Multi-family
Neigbourhood	Lower Town
Easement	Right Of Way
ParkingSpaceTotal	2

Building

BasementDevelopment	Finished
BasementType	Full (finished)
ConstructedDate	1929
ConstructionStyleAttachment	Attached
CoolingType	Heat Pump
ExteriorFinish	Brick
FlooringType	Hardwood, Tile
FoundationType	Stone
HeatingFuel	Natural Gas
HeatingType	Heat Pump, Radiant Heat
StoriesTotal	2
Type	Triplex
UtilityWater	Municipal Water

Parking

Open
Surfaced

Land

Acreage	No
CurrentUse	Development Residential
Sewer	Municipal Sewage System
SizeDepth	99 Ft
SizeFrontage	33 Ft
SizeIrregular	33 Ft X 99 Ft
SizeTotalText	33 Ft X 99 Ft
ZoningDescription	Residential

https://www.realtor.ca/real-estate/27511064/179-181-cathcart-street-ottawa-lower-town