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    For Sale - 10 Sherbrooke Avenue, West Centre Town, Ontario

    Est payment $5,757/mo
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    Views   2
    Time on Jump  54 day

    AI Summary *

    • Renovated cinder block four-plex in a vibrant Ottawa neighborhood.
    • All four units are one-bedroom, one-bathroom, currently rented above market rates.
    • Six hydro meters provide individual billing for tenants, enhancing management ease.
    • R4UB zoning allows potential for vertical expansion and increased cash flow.
    • Walking distance to boutiques, restaurants, cafes, and parks for a great tenant lifestyle.




    Attention smart investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredible opportunity in one of ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 sherbrooke avenue, a beautifully renovated, cinder block four-plex located just steps off the bustling wellington street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters. This turn key investment property has a 6% cap rate and is fully rented with ideal tenants and grosses an annual income of $96,672. Looking to increase cash flow further? With r4ub zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity.
    Listing IDX13504228
    Address10 Sherbrooke Avenue
    CityWest Centre Town, Ontario
    Price$1,199,000
    Bed / Bath4 / 4 Full
    Style1 Storey/Apt, Fourplex
    ConstructionMetal/Steel Siding, Wood
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features NoneOwnership FreeholdBasement NoneFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 3.00
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    Listing Agency:  ENGEL & VOLKERS OTTAWA

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    10 Sherbrooke Avenue
    West Centre Town , Ontario
    4 4 $1,199,000
    Get more info