203-205 Marier Avenue, Ottawa, Ontario

About 203-205 Marier Avenue

Visit the REALTOR website for further information about this Listing. Seven rental units in two buildings near Beechwood Avenue in east-central Ottawa. The location offers access to Montfort Hospital, downtown, the University of Ottawa, ByWard Market, and Highway 417. The area is very popular with young professionals and students. 203 Marier is a fully rented triplex with three two-bedroom, one-bathroom units. It has five exterior storage lockers and coin-operated laundry in the basement. Updates include windows (2019), pavement and exterior cladding (2023), and the roof (2026). Two units are furnished. The boiler and hot water tanks are owned. 205 Marier is a fully rented fourplex with one two-bedroom, one-bathroom unit; one two-bedroom, two-bathroom unit; and two one-bedroom, one-bathroom units. Updates include windows and the roof (2019), and pavement and exterior cladding (2023). The furnace and hot water tank are rented from Enercare. Approximate annual gross income is $157,800. Projected net operating income is approximately $122,000, which represents a 5.5% cap rate at the asking price. The properties are offered as-is. Easy Street Services manages the properties and is willing to continue, subject to an agreement with the buyer. Reported CM1 zoning may potentially allow future development. (id:6289)

More Info on this 3402 - Vanier Multi-Family MLS® listing

203-205 Marier Avenue is a multi-family listing for sale in Ottawa. The MLS® number is X14112158. It features 8 bathrooms and covers 4,800 square feet. It's currently listed for $2,200,000. For more details on MLS® X14112158, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in 3402 - Vanier is available now!

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