824 KIRKWOOD AVENUE

Ottawa, ON K1Z5Y2

Description: Turn-key 6-unit multifamily in west-central Ottawa - a well-kept, purpose-built brick low-rise with durable cash flow and upside. Mix of four 2-bed/1-bath suites and two 1-bed/1-bath, many renovated with updated finishes.Approx. $128,040 gross income and projected NOI near $100,700 - a 5.05% cap rate at $1,995,000. Includes 3 garages, 9 surface spaces, 6 interior lockers, and coin operated laundry. Recent capital work: pavement (2024), front door (2023), foundation sealing (2018), windows (2018), boiler and roof (2015). Professionally managed by Easy Street Services. Steps from Westboro, Hintonburg and Wellington West, with quick access to the Civic Hospital, downtown, Carleton University, Algonquin College and the rest of Ottawa through the nearby highway 417. Potential upside through turnover, suite upgrades, and storage income; CM1 zoning may support future development (buyer to verify). Offered as-is; figures to be verified. Limitations to showings: 9:30 am to 2 pm Tuesday and Thursday, 9 am to 3 pm Monday, Wednesday, Friday, Saturday, Sunday. Some photos virtually staged. (id:31684)

Listing courtesy of: Ryan Rogers of GRAPE VINE REALTY INC.

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