$1,588,000 FOR SALE

Investment

Lot: 67 x 82 ftTotal Area: 6,600 ft2
2023 Taxes: $8,885Maintenance Fees: $4,980

155 MARQUETTE Ave
Vanier And Kingsview Park, ON K1L 5J7 | 3402 - Vanier | Ottawa

ASSUMABLE MORTGAGE AT 2.17% INTEREST! Own a turnkey investment property in sought-after Beechwood Village! This well-maintained, purpose built 6-unit (4 x 2 bdrm, 2 x 1 bdrm) offers a fantastic opportunity for investors seeking stable income and further opportunities to add value. Assumable CMHC-insured 1st mortgage with ultra low 2.17% interest rate allows buyer room to add additional mortgage in second position, considerably lowering the initial investment required. Upon renewal in Dec 2025, buyer will have the opportunity to refinance at stabilized rates. Renovated mechanical and laundry room ensures reliable operation for years to come and minimizes op costs. New windows throughout enhance comfort and efficiency. The R4S zoning allows for renovations and potential to increase density. Situated in the vibrant Beechwood Village / Vanier North neighbourhood, the property enjoys excellent access to shops, restaurants, schools, and public transportation, ensuring a steady tenant pool.

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Listed By CAPITAL COMMERCIAL INVESTMENT CORP.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9515038
Last Updated Dec 19, 2024
Property Summary
Property Type Investment

More like this:
Category Apartment
PIN 042340205
Legal Description PLAN JG PT LOT 4 PLAN 4M27 PT LOT 116 PT CLOSED ST RP 4R19397 PARTS 7 TO 9
Occupancy Owner
Possession Date Immediate
Taxes (2023) $8,885
Maintenance Fees $4,980
Directions/Cross Streets From Highway 417 take Vanier Pkwy North, turn right on Beechwood Ave, turn right on Marier Ave, Left on Peres-Blanc Ave. Property at the corner of Peres-Blanc Ave and Marquette Ave.
Neighbourhood 3402 - Vanier
Area Ottawa
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 67 x 82 ft
Lot Irregularities 1
Total Area 6,600 ft2
Air Conditioning N
Parking Spaces 5
Heat Type Water Radiators
Gross Income/Sales $102,504
Net Income Before Debt $67,378
Hydro Expense $1,530
Water Expense $3,705
Heat Expenses $4,357
Insurance Expense $6,911
Taxes Expense $8,885
Expenses Actual/Estimated Act
Sprinklers N
Water Municipal
Zoning R4S
Seller Property Info Statement N

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