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

Est payment $5,757/mo
Views   2
Time on Jump  114 day
  • 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 Brokerage: ENGEL & VOLKERS OTTAWA

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