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    For Sale - 370 Belisle Street, Vanier and Kingsview Park, Ontario

    Est payment $7,064/mo
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    Time on Jump  38 day

    AI Summary *

    • All-brick six-unit apartment building in a prime location.
    • Close to shopping, transit, schools, and amenities.
    • Currently generates over $98,000 in annual income.
    • Units rented below market rates, offering profit potential.
    • Large lot with future development or expansion possibilities.




    Exceptional investment opportunity in the heart of vanier this purpose-built, all-brick six-unit apartment building offers a desirable unit mix of five 2-bedroom units and one 1-bedroom unit. Ideally located just off mcarthur avenue, the property is within walking distance to st. Laurent shopping centre, public transit, schools, and amenities, making it highly attractive to quality tenants. The property is professionally managed and currently generates a gross annual income of just over $98,000. With all units rented below current market rates, there is significant upside potential as units turn over. Situated on an impressive lot of over 12,000 sq. Ft., the property offers potential for future development or expansion (buyer to verify with the city of ottawa). With strong management already in place, this is a turn-key investment for the next owner seeking stable cash flow and long-term growth potential. Contact the listing agent for a detailed rental pro forma and insured financing scenario.
    Listing IDX12488422
    Address370 Belisle Street
    CityVanier and Kingsview Park, Ontario
    Price$1,425,000
    Bed / Bath11 / 6 Full
    Style2 1/2 Storey, Multiplex
    ConstructionBrick
    Land Size12432.3
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Separate Hydro MeterOwnership FreeholdBasement ApartmentFoundation ConcreteHeating / Cooling WaterHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Agency:  SUTTON GROUP - OTTAWA REALTY
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    370 Belisle Street
    Vanier and Kingsview Park , Ontario
    11 6 $1,425,000
    Get more info