403 Peach Tree Lane Ottawa, Ontario K1K 2R7

$1,369,000

Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement. (id:43934)

Property Details

MLS® Number	1418857
Property Type	Multi-family
Neigbourhood	Viscount Alexander Park
AmenitiesNearBy	Public Transit, Recreation Nearby, Shopping
CommunityFeatures	Family Oriented
ParkingSpaceTotal	5

Building

BasementDevelopment	Finished
BasementType	Full (finished)
ConstructedDate	1959
ConstructionStyleAttachment	Attached
CoolingType	None
ExteriorFinish	Brick
FlooringType	Hardwood, Laminate
HeatingFuel	Natural Gas
HeatingType	Baseboard Heaters, Forced Air
StoriesTotal	2
Type	Triplex
UtilityWater	Municipal Water

Parking

Surfaced

Land

Acreage	No
CurrentUse	Development Residential
FenceType	Fenced Yard
LandAmenities	Public Transit, Recreation Nearby, Shopping
LandscapeFeatures	Land / Yard Lined With Hedges
Sewer	Municipal Sewage System
SizeDepth	99 Ft ,10 In
SizeFrontage	55 Ft ,11 In
SizeIrregular	55.94 Ft X 99.87 Ft
SizeTotalText	55.94 Ft X 99.87 Ft
ZoningDescription	Ru4a

https://www.realtor.ca/real-estate/27607959/403-peach-tree-lane-ottawa-viscount-alexander-park