244 Wilbrod Street, Ottawa

interest rate
* Type: Fixed, Term: 5 years, Amortization: 25 years
244 Wilbrod Street, Ottawa
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244 Wilbrod Street - Unbelievably sound investment in one of Ottawa's most vibrant neighborhoods.  This stately brick triplex has been tweaked to generate more income than the majority of buildings of this type regardless of location.  Annual income is $76,478.00 and the expenses are $11,782.00.  With a Net Income of $64,696.00 this building produces a healthy 6.24% capitalization rate.  Lower level is a heavily updated one bedroom with separate entrance, Main floor 2 bedroom unit is very spacious and can easily be used as a 3 bedroom unit which would easily add another $9000.00 per year.  And the second and third levels are leased as a 5 bed, 1 bath shared unit with 5 individual gross leases.  Zero vacancies.  Easy to manage as a fully tenanted investment or owner occupy and in an unbeatable location just a short walk to Byward Market, Ottawa U and the core.  No parking means additional savings with no snow removal expenses...  This one has more potential and makes abnormally high revenues thanks in part to it's layout and the unique services bundled by the owners who are relocating.  Call to get more info at 613-238-2801.

Local Amenities and nearby Places

Name Type Address
Embassy of Angola, Ottawa The current Ambassador is Edgar Martins.
St. Bartholomew's Anglican Church (Ottawa) The building was constructed in the latter half of the 19th century and serves the surrounding neighbourhoods
White Wind Zen Community It consists of both a monastic order, the Northern Mountain Order, and a large community of associate, general, and formal lay students
Ottawa Little Theatre The OLT's longevity is surprising, given that it has never received any government funding, and was completely destroyed by fire in 1970
Constitution Building Amenities at the building include a cafeteria, barber shop and convenience store, all of which are accessible to the general public as well as employees of the building
Laurier House National Historic Site of Canada Lodging 335 Laurier Ave East And, Ottawa