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

Bedrooms

11

Bathrooms

6

Parking

2

MLS® Number

X13719872

Interior Size

3500 - 5000 sqft

Building Type

Other

Bedrooms Above Grade

8

Bedrooms Below Grade

3

Bathrooms

6

Basement

N/A (Finished)

Basement Development

Finished

Cooling

None

Exterior Finish

Brick

Fireplace

No

Heating Fuel

Natural gas

Heating

Radiant heat

Interior Size

3500 - 5000 sqft

Stories

2

Water

Municipal water

Size Frontage

40 ft

Size Depth

100 ft ,2 in

Acreage

No

Sewer

Sanitary sewer

• Water Heater