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$ 1,699,000
Est. payment /mo
Active
26 Aylmer AVE Glebe - Ottawa East And Area, ON K1S 2W9
8 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 4403 - Old Ottawa South
MLS Listing ID X12812804
Style 3-Storey
Bedrooms 8
Annual Tax Amount $15,949
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Incredible investment opportunity in Old Ottawa South! Large multi-unit on expansive 30' x 161' lot newer 3,000 sqft addition containing 3 additional apartments plus main front house. All 4 apartments tenanted. One 3-Bedroom unit, two 2-Bedroom units and one 1 Bedroom unit. The older front of home unit has been updated with hardwood floors, granite countertops and newer cabinetry and updated bathroom - it has it's own Furnace (2020), A/C (2017) and Hot Water Tank (Rental). New addition completed in 2017 with 2 Furnaces and 2 Central Air units. 3 Hydro meters, 3 gas meters and 1 water meter. All units have in-unit laundry. Sump pump 2017, Roof 2017. City of Ottawa has suggested plan of a 5-plex for potential income increase. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE. Cap rate: 6.3%.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room Yes
Basement Finished
Kitchen 4
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 30.36
Lot Depth 161.96
Total Parking Spaces 2
Building
Foundation Concrete, Stone
Others
ParcelsYN No
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Listed by ROYAL LEPAGE PERFORMANCE REALTY
NEARBY SCHOOLS & PROPERTIES
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