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734 De L'église St, Ottawa, ON

Name: 734 De L'église St, For Sale in Ottawa - Zoocasa
Brand: RE/MAX HALLMARK REALTY GROUP
SKU: X13544702
Price: 799000 CAD

House

For Sale

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534

MLS® X13544702

Overview

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage Yes

Taxes $6,165

Days Active 28

Lot Size

Approx. Age

MLS® Number X13544702

Property Address: 734 De L'Eglise St, Ottawa, ON, K1K3K6

Average square foot calculated using Size range provided by listing agent.

Description

Excellent opportunity to own a well-maintained all-brick triplex offering strong cash flow and long-term investment potential. This solid multi-family property features three self-contained units consisting of two 2-bedroom apartments and one 1-bedroom apartment, for a total of 5 bedrooms. All tenants are currently on month-to-month leases, providing flexibility for investors looking to optimize rents or owner-occupants seeking future occupancy options.The property currently generates $4, 500/month ($54, 000 annually) in gross rental income. Unit 1 rents for $1, 500/month, Unit 2 for $1, 300/month (long-term tenant of approximately 10 years), and Unit 3 for $1, 700/month. Tenants are responsible for their own hydro, while the building is heated by a central boiler system. Additional utility features include four separate gas meters and three individual hot water tanks, one servicing each unit.Several major capital improvements have already been completed, including foundation underpinning (2012), new roof drain and re-routing of the drain pipe (2019), and renovations to the front common area with new carpet, drywall and insulation (2019). Bathrooms in Units 1 and 2 have also been tastefully renovated.Additional features include shared laundry, 4 rear parking spaces, and 4 private storage lockers, adding convenience and value for tenants.Whether you're an experienced investor or looking to add a quality income property to your portfolio, 734 De L'Église Street offers reliable income, solid building systems, and future upside in a well-established Ottawa neighbourhood. (id:58753)Show Description

MLS® NumberX13544702

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age

BasementNone

DrivewayNo Garage

Garage Spaces

HeatNatural gas

A/CNone

Extras

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $751,000 and $823,000.

Similar properties in this area sold on average for: $751,150

Expected to sell in 3 days. Similar properties sold in 31 days. This home has been on Zoocasa for 28 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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