329 Richelieu Avenue Ottawa, Ontario K1L 6J7

$1,624,900

Discover this well-maintained 7-unit multifamily building just minutes from the heart of Ottawa, offering steady cash flow and upside potential. This turnkey investment combines solid tenants, attractive unit mix, and a desirable neighborhood with high demand for rental housing. The prime location is walkable to transit, schools, parks, shopping, dining, and cultural amenities, and is within close proximity to the University of Ottawa. Unit mix is comprised of four 2-bedrooms, two 1-bedrooms and one bachelor. All units are in excellent condition, with two of the units completely renovated in spring 2024, and two others upgraded in the past few years. Onsite laundry is available for tenant convenience and an additional source of income. The property also features an outdoor patio are 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. (id:43934)

Property Details

MLS® Number	X12947774
Property Type	Multi-family
Community Name	3404 - Vanier
Amenities Near By	Public Transit
Equipment Type	Water Heater
Rental Equipment Type	Water Heater

Building

Appliances	All
Cooling Type	None
Heating Fuel	Natural Gas
Heating Type	Hot Water Radiator Heat
Size Exterior	3620 Sqft
Size Interior	3,620 Sqft
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	Yes
Land Amenities	Public Transit
Size Depth	90 Ft
Size Frontage	42 Ft ,6 In
Size Irregular	3620
Size Total	3620 Ac
Size Total Text	3620 Ac
Zoning Description	R4b

https://www.realtor.ca/real-estate/29546614/329-richelieu-avenue-ottawa-3404-vanier