1549 Maxime Street,Ottawa, ON K1B3K9
Ottawa, ON K1B3K9
Description
Outstanding Multi-Family Investment with Income & Future Potential. Located in Ottawas east end, this well-maintained 6-unit apartment building offers both stable rental income and exciting long-term growth opportunities. Sitting on a generously sized 0.24-acre lot (~80 ft frontage x ~132 ft depth), the property combines strong cash flow with excellent redevelopment potential. Currently fully occupied, the building generates over $10,031 in monthly rental income (~$120,372 annual), making it an attractive turnkey investment from day one. The unit mix is highly rentable and diverse: three 2-bedroom units, two 1-bedroom units, and one bachelor apartment. Recent improvements include a new 50-year roof installed in 2018 and modern renovations in several units, reducing future maintenance concerns and enhancing tenant appeal. The property is zoned R1WW[637], unlocking possibilities for future development while maintaining immediate income stability. The location is a major asset- just minutes from Highway 417, Blair and Cyrville LRT stations, shopping centres, restaurants, and everyday conveniences. Tenants benefit from excellent connectivity, while investors gain peace of mind knowing the property is situated in a desirable and growing area. Whether you are looking to expand your multi-family portfolio, secure a reliable cash-flowing property, or position yourself for redevelopment in the future, this building checks all the boxes. A rare opportunity to invest in a strong-performing asset with both present income and future upside. (id:13843)
Details
| MLS # | X13206444 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 158 |
| Listing Provided By | Ali Realty Group Inc. | Akash Sharma |
Features
| SQ Feet | 10,539 |
|---|---|
| Zoning | R1WW[637] |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | No |
Parking
| Parking Total | 8 |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 10329.05 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1B3K9 |
| Listing VS Median (in K1B3K9) | |
Price: $2,148,888 low | high Med: $714,900 sqft: 10,539 low | high Med: 1,500 $ / sqft: $204 low | high Med: $477 On site: 158 low | high Med: 86 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1B3K9 |
| Listing VS Median (in K1B3K9) | |
Price: $2,148,888 low | high Med: $714,900 sqft: 10,539 low | high Med: 1,500 $ / sqft: $204 low | high Med: $477 On site: 158 low | high Med: 86 | |
