258 Hannah Street, Ottawa, K1L7N2

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Description

Fantastic Investment opportunity with a STRONG CAP RATE! Legal triplex on a 31x100 ft lot with R4UA-c zoning. Strong rental income with Gross Operating Income of $57,900/year. Unit 1: 2 bed/2 bath rented at $1,795/month (all inclusive). Unit 2: 2 bed/2 bath rented at $1,535/month (all inclusive). Unit 3: bachelor/2 bath rented at $1495/month (all inclusive). Endless flexibility to rent, renovate, or redevelop. Rare land assembly potential with neighbouring 244, 250, and 256 Hannah also available, combine for total lot size of 180x100 ft -- (18000 Sq.Ft. ). Own the block, collect the income, and control the future. Great upside in an evolving neighbourhood. Property is being sold "as-is, where is". No warranties or representations from the seller. (id:39198)

43 days

On Market

Multi-family

Property Type

$4,830 / Year

Est. Taxes

Triplex

Style

-

Garage

Finished, Full

Basement

Location & Areas