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Home ON Ottawa - Gatineau Ottawa Vanier Vanier South
320 ALTHA AVENUE
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320 ALTHA AVENUE $1,449,000
$1,449,000
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320 ALTHA AVENUE
Ottawa, Ontario K1L7C9

MLS® Number: 1400987

Listing Description

Exceptional investment opportunity in Ottawa. Quality constructed, well managed 4-unit + bonus apt is a high earner. With concrete foundation & structural integrity, blending location with modern functionality, ensuring a stable, large cash flow. Each unit is well maintained, attracting quality tenants & ensuring consistent rental demand. The prime location allows residents to enjoy easy access to public transit, shopping & many amenities only minutes to downtown & enhances its value & appeal, making it a smart addition to any portfolio. Each unit offers a feeling of home to tenants with desirable kitchens, baths, spacious rooms & unique design. With Ottawa’s R/E market poised for future growth, this property stands out at a 6.2 Cap Rate. Don’t miss the chance to own this asset for your financial growth. Amenities include W/D in 4 units, decks, updated utilities in a high-yielding, low-maintenance investment. Please allow 24 hours showing notice to tenants. (28589899)

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
2
Neighbourhood Name
Vanier
Land Size
40 ft X 90 ft
Built in
1952
Annual Property Taxes
$6,590
Parking Type
Surfaced
Time on REALTOR.ca
73 days

Building

Interior Features
Flooring
Mixed Flooring
Basement Type
Full (Finished)
Building Features
Foundation Type
Poured Concrete
Style
Attached
Total Units
5
Heating & Cooling
Cooling
None
Fireplace
1
Heating Type
Baseboard heaters (Electric)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Siding
Neighbourhood Features
Amenities Nearby
Public Transit, Recreation Nearby, Shopping
Parking
Parking Type
Surfaced
Total Parking Spaces
3

Land

Lot Features
Frontage
40 ft
Land Depth
90 ft
Present Use
Development residential
Other Property Information
Zoning Description
R4
Lease Type
Other, See Remarks
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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