10 Sherbrooke Avenue,Ottawa, ON K1Y1R7
Ottawa, ON K1Y1R7
Description
Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredible opportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinder block four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters. This turn key investment property has a 6% cap rate and is fully rented with ideal tenants and grosses an annual income of $96,672. Looking to increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity. (id:13843)
Details
| MLS # | X13504228 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 123 |
| Listing Provided By | ENGEL & VOLKERS OTTAWA | Ryan Cole |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,500 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | All, Furniture, Window Coverings |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Block |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 3 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 7764.66 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1Y1R7 |
| Listing VS Median (in K1Y1R7) | |
Price: $1,199,000 low | high Med: $1,199,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $799 low | high Med: $799 On site: 123 low | high Med: 123 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1Y1R7 |
| Listing VS Median (in K1Y1R7) | |
Price: $1,199,000 low | high Med: $1,199,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $799 low | high Med: $799 On site: 123 low | high Med: 123 | |
 | $1,198,00038 Melrose AvenueOttawa, ON K1Y1T9 |
