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:

Sydney Sopher

Sales Representative

International Realty Firm Inc. Brokerage*