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.
Property Type:
Residential Freehold
Property Sub Type:
Fourplex
Home Style:
1 Storey/Apt
Total Approx Floor Area:
1500-2000
Lot Depth:
102'10"31.3 m
Lot Frontage:
29'8.84 m
Direction Faces:
West
Bedrooms:
2+2
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
4
Kitchens in Basement:
2
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Kitchens Above Grade:
2
Rooms Above Grade:
8
Rooms Below Grade:
8
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Block
Roof:
Asphalt Shingle
Basement:
None
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Spaces:
3
Total Parking Spaces:
3.0
Family Room:
No
Possession Details:
TBD
Pool:
None
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2025
Taxes:
$7,764.66 /
2026
Assessment:
$- /
2025
Ottawa
West Centre Town
4203 - Hintonburg
None
All appliances and window coverings. Units 1, 2 and 4 furniture.
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