484 Queen Mary Street Ottawa, Ontario K1K 1W2

$1,799,900

Fantastic investment opportunity! Well-positioned 6-UNIT building in a rapidly growing area, offering both steady income and future upside. Four units are currently occupied, two at market rents (renovated) and two with long-term tenants paying below-market rents, leaving room for increased returns. Two fully renovated units with modern finishes are vacant, allowing the new owner to set rents and select tenants. Additional income from coin-operated laundry and rentable on-site parking enhances cash flow. The property sits in a prime redevelopment area where older homes are being replaced with multi-unit projects, driving demand and property values. With a generous lot size and R4UC zoning, there is exciting potential for future development. This is a rare chance to acquire a stabilized asset with strong current income and significant appreciation potential ideal for investors seeking both stability and growth. Come see it today! (id:43934)

Property Details

MLS® Number	X12383772
Property Type	Multi-family
Neigbourhood	Overbrook
Community Name	3502 - Overbrook/Castle Heights
Amenities Near By	Public Transit, Hospital
Equipment Type	Water Heater
Parking Space Total	6
Rental Equipment Type	Water Heater

Building

Bathroom Total	5
Bedrooms Above Ground	11
Bedrooms Total	11
Appliances	Stove, Refrigerator
Basement Features	Apartment In Basement
Basement Type	N/a
Cooling Type	None
Exterior Finish	Brick, Vinyl Siding
Foundation Type	Poured Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	3,500 - 5,000 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Public Transit, Hospital
Sewer	Sanitary Sewer
Size Depth	92 Ft
Size Frontage	72 Ft
Size Irregular	72 X 92 Ft
Size Total Text	72 X 92 Ft

https://www.realtor.ca/real-estate/28819613/484-queen-mary-street-ottawa-3502-overbrookcastle-heights