1299 Dorchester Avenue, Ottawa
1299 Dorchester Avenue, Ottawa
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30 Photos
- MLS®: 1378344
- Type: Townhouse
- Added: 63 days ago
Property Details
Discover an exceptional investment opportunity at 1299 Dorchester Ave. This high income producing fourplex building comes with a fifth non-conforming unit, elevating its earning potential and cashflow. Positioned on a large 85 x 100 foot lot with R4U-C zoning, Nestled in a prime location ,close to amenities, schools, and transportation, it has consistent occupancy and strong rental demand. Perfect for investors seeking to expand their portfolio, its proven income generation and development possibilities make it an attractive purchase. High Net income of $64,079 with Cap Rate of 4.7%. Loads of development potential while keeping current building. Roof (2019), Furnace (2014). Contact us today for more information (id:1945)
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Property Information
- Sewer: Municipal sewage system
- Cooling: None
- Heating: Forced air, Natural gas
- List AOR: Ottawa
- Stories: 2
- Tax Year: 2023
- Basement: Finished, Common
- Flooring: Hardwood, Linoleum
- Year Built: 1960
- Current Use: Development residential
- Lot Features: Balcony
- Photos Count: 30
- Water Source: Municipal water
- Parcel Number: 040440259
- Parking Total: 6
- Structure Type: Fourplex
- Parking Features: Oversize, Surfaced
- Tax Annual Amount: 5766
- Exterior Features: Brick
- Security Features: Smoke Detectors
- Existing Lease Type: Other, See Remarks
- Foundation Details: Block
- Lot Size Dimensions: 84.53 ft X 99.38 ft
- Zoning Description: Residential
- Number Of Units Total: 5
- Construction Materials: Wood frame
Features
- Other: Lot Potenial: \r85 x 100 Lot Size with R4U-C Zoning \rPotential to build two 8-unit buildings without site plan control \rBuild one large building with site plan with potential 25 units, Net Income: $64\, Yearly Expenses: \rInsurance: $3378 \rHydro: $1572 \rHeat: $2655 \rProperty Taxes: $5766 \rWater/Sewer: $2230 \rMaintenance: $1200 \rTotal Yearly Expenses: $16\, Yearly Income: \rRental Income: $79\
- Heating: Natural Gas
- Appliances: Dryer, Washer, Stove, Refrigerator
- Lot Features: Lawn, Fenced Yard
- Extra Features: Balcony
- Interior Features: Laundry Room, Hardwood Floors
- Sewer/Water Systems: Public
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