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49 Fairmont Avenue Ottawa, Ontario K1Y 1X4

Wall Unit Hot Water Radiator Heat

$1,349,900

Location, Location, Location! This 5 plex multi unit is in the heart and soul of Hintonburg sitting on small hill overlooking Fairmont Park. Steps to all the cool hip places of this fun and gentrifying community, with a walk score of 94. There is no need to own a car here, but it still has parking for 4+ including a detached garage. Long term tenants for obvious reasons. Units include one 3 bedroom, three 2 bedrooms, and one 1 bedroom. Original 2 storey unit #1 was converted into two separate smaller ones (1 and 1A) by previous owner, could be converted back. Current junior R4 zoning is under city review for increased intensification. Sitting on a large 68'x97.5' lot backing onto a rear lane there is exciting future development potential here. 89k in annual income, 4.7% cap rate. Basement is unfinished with coin laundry and storage. (id:26214)

Property Details

MLS® Number 1161524
Property Type Multi-family
Neigbourhood Hintonburg
Amenities Near By Public Transit, Shopping
Parking Space Total 4

Building

Basement Development Unfinished
Basement Type See Remarks (unfinished)
Constructed Date 1900
Construction Style Attachment Attached
Cooling Type Wall Unit
Exterior Finish Siding, Stucco
Fire Protection None
Fireplace Present No
Flooring Type Wall-to-wall Carpet, Hardwood, Tile
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 3
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 97 Ft ,5 In
Size Frontage 68 Ft
Size Irregular 68 Ft X 97.45 Ft
Size Total Text 68 Ft X 97.45 Ft
Zoning Description R4h

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20950985

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