I have listed a new property at 278 DONALD STREET in Ottawa.
Unique property that has 14 bachelor units with another two units that share accommodations. Huge income that comes with a 7.34 % cap rate. Perfect for the investor looking to get a good return for the invested dollar. 24 hours notice for showings and 24 hours irrevocable on all offers. The Gross rent as of Dec 1, 2020 will be $157,320. Rents are all inclusive including Gas, Water, Hydro and Cable. The Buyer to do their own due diligence with this property. Please note zoning has recently changed from R4N to R4UC. With the current lot size you are allowed to have 9+ units and can build up to 11 metres in height. (id:2493)