72 PRETORIA AVENUE

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. (id:67197)

Price

$1,985,000

Property Type

Multi-family

Transaction Type

For sale

MLS® Number

X13719870

Interior Size

5000 sqft

Building Type

Multi-Family

Cooling

None

Fireplace

No

Heating Fuel

Natural gas

Heating

Radiant heat, Hot water radiator heat

Interior Size

5000 sqft

Water

Municipal water

Size Frontage

40 ft

Size Depth

100 ft ,1 in

Acreage

No

Amenities Nearby

Highway, Public Transit

• Highway
• Public Transit
• Water Heater