Property Details
329 RICHELIEU AVENUE, Ottawa, Ontario, K1L6J7
$1,624,900 - For sale
Discover this well-maintained 7-unit multifamily building just minutes from the heart of Ottawa, offering steady cash flow and upside potential. This turnkey investment combines solid tenants, attractive unit mix, and a desirable neighborhood with high demand for rental housing. The prime location is walkable to transit, schools, parks, shopping, dining, and cultural amenities, and is within close proximity to the University of Ottawa. Unit mix is comprised of four 2-bedrooms, two 1-bedrooms and one bachelor. All units are in excellent condition, with two of the units completely renovated in spring 2024, and two others upgraded in the past few years. Onsite laundry is available for tenant convenience and an additional source of income. The property also features an outdoor patio are for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. (id:2471)
Location DescriptionCross Streets: Montreal Rd. / Mona Ave. ** Directions: Vanier Pkwy. to Montreal Rd. East on Montreal Rd. to Mona Ave. South on Mona - building is at the corner of Mona and Richelieu.
- Property Address:329 RICHELIEU AVENUE, Ottawa, Ontario, K1L6J7
- Property Type:Multi-family
- Community Name:3404 - Vanier
- Lot Size:3620 ac
- Water Type:Municipal water
- Structure Style:Multi-Family
- Floor Space:3620 sqft
- Heating Type:Natural gas, Hot water radiator heat
- Cooling Type:None
- Appliances Included:All
- Rental Equipment:Water Heater
- Amenities Nearby:Public Transit
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- Map 329 RICHELIEU AVENUE, Ottawa, Ontario, K1L6J7
- Neighbourhood Information
329 RICHELIEU AVENUE, Ottawa, Ontario, K1L6J7
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