Deanna Parisi direct 613-859-7704 | David Parisi direct 613-859-4047

4 ECCLES STREET
Ottawa, Ontario K1R6S2

  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa
  • 4 ECCLES STREET Ottawa

$1,595,000

ID# X11960040

Other

This is a fantastic opportunity to own a turn key 8-unit investment property, with phenomenal cash flow! Perfectly situated only steps from Lebreton Flats, Little Italy and Chinatown, in a community filled with a diversity of restaurants, cozy cafes and all the amenities of living downtown. Public transit is within a block with quick access to the LRT station which runs through Lebreton Flats. Gross income of $138k+ with an NOI of $102k+. This is an outstanding investment opportunity at a 6.4% cap rate. This building is well maintained and in great condition with recently renovated units and a solid tenant base comprised primarily of young professionals. This building is extremely easy to manage and boasts a cooperative relationship between the owner and the tenants. All units are located above-grade and comprised of 3 spacious and bright two-bedroom units, two one-bedroom units and three bachelor suites. The impressive top floor two-bedroom unit was recently fully renovated with a new kitchen, new bathroom, full interior painting, new laminate flooring and fixtures throughout. A profitable coin operated laundry is in the basement with ample storage space for tenants. The property sits on a 71 x 46 lot with R4UB zoning and the spacious side lot (which currently holds 7 parking spaces) offers the potential for future development opportunity to add additional units. (id:25961)
LEARN MORE ABOUT THIS PROPERTY
Courtesy of CAPITAL COMMERCIAL INVESTMENT CORP.

Listed on: February 06, 2025

On market: 15 days
Heating Type Other
Heating Fuel Natural gas

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4 ECCLES STREET

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Deanna Parisi

Realtor®

Direct: 613-859-7704

Deanna@theParisiGroup.ca

David Parisi

Realtor®

Direct: 613-859-4047

David@theParisiGroup.ca

376 Churchill Ave. N,

Unit 101

Ottawa, Ontario

613-755-2278

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