331 Mona Av - Apartments FOR SALE


Ottawa, ON K1L 7A3- East Central
$1,199,900 CAD
873-800-0633
331 Mona Av, Ottawa, ON for Sale
$1,199,900 CAD
Apartments - FOR SALE
1/17
null | 5.82% Cap Rate

331 Mona Av
Ottawa, ON K1L 7A3
East Central


OVERVIEW

Excellent Investment Opportunity in Vanier!This sixplex offers a desirable mix of four 1-bedroom and two 2-bedroom units, each with its own private entrance, eliminating common areas and reducing maintenance. With a strong cap rate of 5.82%, this property is priced to sell and offers exceptional cash flow potential. The property generates a yearly income of $86,837.28 with a net operating income of approximately $69,794.25.Recent capital improvements include a new hot water boiler system, new siding, a new front staircase, and a new sump pump, ensuring long-term durability. Several units have been renovated, generating strong rental income with room for future rent increases, making it easier to qualify for financing. The property features four parking spaces, with tenants handling snow removal, and offers potential to generate additional revenue by charging for parking. There's also an opportunity to add a laundry facility in the utility room for extra income. Located in Ottawa's high-demand Vanier rental market, this property boasts a Walk Score of 89, meaning most daily errands can be completed on foot. Public transportation is easily accessible, with multiple OC Transpo bus routes connecting to downtown Ottawa and key destinations. The area offers a variety of amenities, including the Richelieu-Vanier Community Centre for recreational and cultural activities, as well as the Vanier Museopark for outdoor green space and year-round programming. Don't miss out on this multi-unit investment, schedule your viewing today!

FOR SALE DETAILS

PRICE

$1,199,900 CAD

PRICE/SF

$544 CAD /SF

# OF UNITS

6

PRICE/UNIT

$199,983

CAP RATE

5.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,021 SF

ZONING

R4B

APN/PARCEL ID

061490020144500

ASK ABOUT THIS PROPERTY

Edmundo RoaeXp RealtyMore Info
873-800-0633

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Edmundo RoaeXp RealtyMore Info
873-800-0633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.