464 Clarence St E, Ottawa

Attention Investors, Builders, Contractors!Rarely offered vacant TRIPLEX near the MACDONALD GARDENS park & steps from the Rideau River. Close to the Byward Market, Beechwood Village, Rideau Centre, Ottawa U, excellent schools & beautiful parks. A great investment opportunity with potential to live-in or rent out the units. Tear down & build your dream home or a new multi-family dwelling. Zoned R4 allows low-rise buildings with four + units.Enormous 1,765 sq. ft. 4-bedroom upper unit with large eat-in kitchen, 4-piece bath, hardwood, laundry & private deck. Could be divided into 2 units. Huge above ground 2-bedroom with large windows throughout, a spacious kitchen and access to shared laundry with the bachelor unit. Lower level also offers a quaint bachelor with access to laundry. Possibility to generate additional income by introducing a 3rd floor (floorpan for addition can be supplied), by utilizing the space behind for potential future expansion, converting the oversized garage into a studio and/or renting out the 2 parkings.Needs TLC. Cosmetic updates and major foundation repairs needed, property is priced accordingly.Upper unit has always been owner occupied. Other units were rented out to family members. Sellers offer no warranties. No expense statement. Inclusions will be in "As is Condition". Conversion of garage, potential rear expansion, zoning allowance & square footage of units to be verified by buyer. Property is subject to right of way.Included are: 1 dishwasher, 2 washers, 2 dryers, 3 stoves, 3 fridges, 1 wall unit & 1 portable A/C, 1 hot water tank, ceiling fans & window coverings. Site plan approval for addition is from 1993. Enbridge Jan-Jun 2023 (480/month), water (121/bi-monthly), hydro #3 (50/month), #2 (39/month) & #1 (33/month) + common area.Endless possibilities to create additional income! Tenants pay hydro only.