258 Russell Avenue

Ottawa, On K1N 7X5 (MLS #1385919)
Property Type
Triplex
$849,999

Beautiful 3-unit apartment building ideally situated in the heart of Sandy Hill. Each unit boasts a private entrance along with designated outdoor space. Unit 1 (2 bedroom) and unit 2 (1 Bedroom) are both 2-story apartments providing ample living space and comfort. Unit 3 is a bachelor unit, offering a compact yet comfortable living space. Noteworthy features of the building include four gas meters, four rental hot water tanks, and four hydro meters, ensuring that each tenant is responsible for their own utilities. Additionally, there is a shared coin-operated laundry area for added convenience. With the potential for rent increases, this property presents an excellent cash flow opportunity for investors or those seeking to reside in one of the units themselves. For a comprehensive financial outlook, please refer to the attached NOI statement. 24 Hr notice for all showings & 24 Hr Irrevocable

Features
Property Type
Triplex
Building Type
Detached
Storeys
2
Garages
0
Total Parking
1
Year Built
Unknown
Neighbourhood Name
Sandy Hill
Annual Property Taxes
$7,819/2023
Gross Annual Income
$53,700
Gross Operating Expenses
$11,806
Cash Flow
$42,998
Mortgage Calculator
Monthly Payment
$0.00
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Jason Spartalis
Principal & Real Estate Agent
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