72 Pretoria Avenue, Ottawa, Ontario, Canada, K1S1W9
1,985,000
for Sale
About the property:
This 6-unit fully tenanted residential building offers strong holding power, consistent rental demand, and valuable upside for savvy investors or portfolio builders. Composed of five 2-bedroom units, and a 1 bedroom unit. Coin operated laundry in the building. 2 parking spaces can generate extra income. Tenants pay hydro. Roof (2018), Windows (2016), Boiler (2025). Grocery store, LCBO, TD Bank, the Canal and bike/walking trail all located across the street, minutes to Carleton and Ottawa University, downtown government employment hubs, Highway 417 access and more; this easily attracts tenants making it easy to rent. FUTURE DEVELOPMENT POTENTIAL. Plans to add a building in the back have been approved with the City and ready to start. Whether you are looking to acquire a turnkey income generator, or secure a prime piece of central Ottawa real estate, 72 Pretoria Avenue delivers location, scale, and long-term capital appreciation potential. Gross Income $135,675. Operating expenses $33,658. NOI $102,016. Potential additional parking income $2400.
Extra info:
6 refrigerators, 6 stoves, 1 coin operated washer, 1 coin operated dryer, 6 hot water tanks
Investment
false
- Property Type:
- Investment
- Status:
- for Sale
- Land Size:
- 40 x 100.15 FT
- Business Type:
- Apts - 6 To 12 Units
- Heating Type:
- Radiant
- Cross Street:
- Pretoria Ave./Metcalfe St.
- Annual Property Taxes:
- 15,733.66
- Listing ID:
- X13719870
Rooms
Dimensions
Brokered by:
RE/MAX Hallmark Realty Group
Source: TRREB/PROPTX
Presented By: