LORNE SCOTT

SALES REPRESENTATIVE

403 PEACH TREE LANE
Ottawa, Ontario K1K2R7

$1,369,000

ID# 1389135
Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement. (id:25961)
Courtesy of RARE REAL ESTATE INC.

Listed on: April 30, 2024

On market: 176 days
Year Built 1959
Cooling Type None
Flooring Type Hardwood, Laminate
Heating Type Baseboard heaters, Forced air
Heating Fuel Natural gas
Stories Total 2
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Address Price Bed Bath SqFt Area Sub Area Brokerage
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Lorne Scott

SALES REPRESENTATIVE

Direct: 613-277-6713

lornescott@royallepage.ca

Royal LePage Team Realty

Unit# 200 – 1335 Carling Ave.

Ottawa, Ontario

Canada K1Z 8N8

Office: 613-725-1171

Toll Free: 1-800-307-1545

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