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$ 1,199,000
Est. payment /mo
Active
10 Sherbrooke AVE West Centre Town, ON K1Y 1R7
4 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 4203 - Hintonburg
MLS Listing ID X13504228
Style 1 Storey/Apt
Bedrooms 4
Annual Tax Amount $7,764
Tax Year 2026
Property Sub-Type Fourplex
Property Description
Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredible opportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinder block four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters. This turn key investment property has a 6% cap rate and is fully rented with ideal tenants and grosses an annual income of $96,672. Looking to increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Basement None
Kitchen 4
Interior
Interior Features None
Cooling Central Air
Inclusions All appliances and window coverings. Units 1, 2 and 4 furniture.
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 3
Building
Foundation Block
Others
Virtual Tour https://youtube.com/shorts/Uzy8mpXDlYs
Lited by ENGEL & VOLKERS OTTAWA
NEARBY SCHOOLS & PROPERTIES
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