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    For Sale - 203-205 Marier Avenue, Vanier and Kingsview Park, Ontario

    Est payment $10,564/mo
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    Time on Jump  2 day

    AI Summary *

    • Two buildings with seven fully rented rental units in a prime location.
    • Close to Montfort Hospital, downtown, and the University of Ottawa.
    • Recent updates to windows, cladding, and roof enhance property value.
    • Strong income potential with approximately $157,800 annual gross income.
    • Possible future development opportunity with reported CM1 zoning.




    Visit the realtor website for further information about this listing. Seven rental units in two buildings near beechwood avenue in east-central ottawa. The location offers access to montfort hospital, downtown, the university of ottawa, byward market, and highway 417. The area is very popular with young professionals and students. 203 marier is a fully rented triplex with three two-bedroom, one-bathroom units. It has five exterior storage lockers and coin-operated laundry in the basement. Updates include windows (2019), pavement and exterior cladding (2023), and the roof (2026). Two units are furnished. The boiler and hot water tanks are owned. 205 marier is a fully rented fourplex with one two-bedroom, one-bathroom unit; one two-bedroom, two-bathroom unit; and two one-bedroom, one-bathroom units. Updates include windows and the roof (2019), and pavement and exterior cladding (2023). The furnace and hot water tank are rented from enercare. Approximate annual gross income is $157,800. Projected net operating income is approximately $122,000, which represents a 5. 5% cap rate at the asking price. The properties are offered as-is. Easy street services manages the properties and is willing to continue, subject to an agreement with the buyer. Reported cm1 zoning may allow future development.
    Listing IDX13869198
    Address203-205 Marier Avenue
    CityVanier and Kingsview Park, Ontario
    Price$2,200,000
    Bed / Bath22 / 8 Full
    Style2-Storey, Multiplex
    ConstructionStucco (Plaster),Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement Finished, FullFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 5.00
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    Listing Brokerage: EASY LIST REALTY LTD.

    * 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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    203-205 Marier Avenue
    Vanier and Kingsview Park , Ontario
    22 8 $2,200,000
    Get more info