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1299 Dorchester Avenue Ottawa, Ontario K1Z 8E8

None Forced Air

$1,350,880

Discover an exceptional investment opportunity at 1299 Dorchester Ave. This high income producing fourplex building comes with a fifth non-conforming unit, elevating its earning potential and cashflow. Positioned on a large 85 x 100 foot lot with R4U-C zoning, Nestled in a prime location ,close to amenities, schools, and transportation, it has consistent occupancy and strong rental demand. Perfect for investors seeking to expand their portfolio, its proven income generation and development possibilities make it an attractive purchase. High Net income of $64,079 with Cap Rate of 4.7%. Loads of development potential while keeping current building. Roof (2019), Furnace (2014). Contact us today for more information (id:36465)

Property Details

MLS® Number 1378344
Property Type Multi-family
Neigbourhood Carlington
Amenities Near By Public Transit, Recreation Nearby, Shopping
Features Balcony
Parking Space Total 6

Building

Basement Development Finished
Basement Type Common (finished)
Constructed Date 1960
Construction Material Wood Frame
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Flooring Type Hardwood, Linoleum
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Fourplex
Utility Water Municipal Water

Parking

Oversize
Surfaced

Land

Acreage No
Current Use Development Residential
Land Amenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
Size Depth 99 Ft ,5 In
Size Frontage 84 Ft ,6 In
Size Irregular 84.53 Ft X 99.38 Ft
Size Total Text 84.53 Ft X 99.38 Ft
Zoning Description Residential

https://www.realtor.ca/real-estate/26548629/1299-dorchester-avenue-ottawa-carlington

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