613-983-1732 direct

 613-725-1171 office

danielwarchow@royallepage.ca

Royal LePage Team Realty

331 MONA AVENUE
Ottawa, Ontario K1L7A3

  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa
  • 331 MONA AVENUE Ottawa

$1,199,900

ID# X11996887

Hot water radiator heat

Excellent Investment Opportunity in Vanier!This sixplex offers a desirable mix of four 1-bedroom and two 2-bedroom units, each with its own private entrance, eliminating common areas and reducing maintenance. With a strong cap rate of 5.82%, this property is priced to sell and offers exceptional cash flow potential. The property generates a yearly income of $86,837.28 with a net operating income of approximately $69,794.25.Recent capital improvements include a new hot water boiler system, new siding, a new front staircase, and a new sump pump, ensuring long-term durability. Several units have been renovated, generating strong rental income with room for future rent increases, making it easier to qualify for financing. The property features four parking spaces, with tenants handling snow removal, and offers potential to generate additional revenue by charging for parking. There's also an opportunity to add a laundry facility in the utility room for extra income. Located in Ottawa's high-demand Vanier rental market, this property boasts a Walk Score of 89, meaning most daily errands can be completed on foot. Public transportation is easily accessible, with multiple OC Transpo bus routes connecting to downtown Ottawa and key destinations. The area offers a variety of amenities, including the Richelieu-Vanier Community Centre for recreational and cultural activities, as well as the Vanier Museopark for outdoor green space and year-round programming. Don't miss out on this multi-unit investment, schedule your viewing today! (id:25961)
LEARN MORE ABOUT THIS PROPERTY
Courtesy of EXP REALTY

Listed on: February 28, 2025

On market: 6 days
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331 MONA AVENUE

Daniel Warchow

Broker

Cell: 613-983-1732 


Royal LePage Team Realty Brokerage

1723 Carling Avenue

Ottawa, ON K2A 1C8 

Office: 613-725-1171 

Cell: 613-983-1732 

danielwarchow@royallepage.ca

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By providing your phone number, you are giving explicit consent for us to contact you by phone even if you are listed on the National DNCL
Royal LePage Team Realty

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