Description

Welcome to this attractive 6-plex in the heart of Ottawa's vibrant Little Italy. Offering a highly desirable unit mix: 2 & 3-bedroom apartments, three 2-bedroom suites, and one 1-bedroom, this property provides both stability and versatility for investors. With a current cap rate of 3.9%, it represents a strong foothold in one of Ottawa's most sought-after rental markets. Apartments 5 and 6 feature expansive private decks, giving tenants rare outdoor living space perfect for entertaining, relaxing, or enjoying views of the lively neighbourhood. The property also offers a rear parking lot, a highly valued amenity in this central urban location. Several updates and renovations have already been completed, while further cosmetic improvements present excellent potential to increase rents and property value. Each apartment includes well-proportioned living areas, ensuring comfort and functionality for tenants. Beyond the building itself, the location is truly unbeatable. Situated just steps from Preston Street's renowned restaurants, cafés, and gelaterias, tenants enjoy the best of Ottawa's cultural dining scene. With Dows Lake, the Arboretum, and bike paths nearby, outdoor recreation is always within reach. Add in easy access to Carleton University, public transit, including the O-Train, and major downtown employers, and this property stands out as a highly attractive choice for a diverse rental pool. Whether you're an experienced investor or looking to expand your portfolio, this Little Italy multi-residential offers strong income, growth potential, and a prime address in one of Ottawa's most dynamic and desirable communities. Prime location. Tenant appeal. Long-term value. Don't miss your chance to own a quality 6-unit building in Ottawa's thriving rental market. Some of the content in the images has been virtually staged to protect the privacy of the tenants. (id:39198)