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179-181 Cathcart Street Ottawa, Ontario K1N 5C1

Heat Pump Heat Pump, Radiant Heat

$1,698,800

Turn-key investment property in an ideal location, steps to embassies, government buildings, trails, shops and the river in a beautiful pocket of Lower Town. This triplex has been extensively renovated and upgraded from top to bottom, absolutely everything is done! Best of all, it brings in almost 100k of annual rent with it's 3 large apartments. Tall ceilings, huge rooms, stunning kitchens, beautiful curb appeal, two upstairs balconies and one main floor deck, 2 parking spaces, 3 separate private entrances, all en-suite laundy, 3 hydro meters. Recently converted from duplex to triplex with the city. Upstairs is tenanted for $3100, Main floor tenants pay $2950 and basement is vacant (market rent is $2100). Upgrades include: All appliances 2023, Roof 2024, Boiler 2023, heat/AC pumps 2023 and lots more! This one is cash flow positive with today's interest rates and so easy to rent! (id:36465)

Property Details

MLS® Number 1415353
Property Type Multi-family
Neigbourhood Lower Town
Easement Right Of Way
Parking Space Total 2

Building

Basement Development Finished
Basement Type Full (finished)
Constructed Date 1929
Construction Style Attachment Attached
Cooling Type Heat Pump
Exterior Finish Brick
Flooring Type Hardwood, Tile
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Heat Pump, Radiant Heat
Stories Total 2
Type Triplex
Utility Water Municipal Water

Parking

Open
Surfaced

Land

Acreage No
Current Use Development Residential
Sewer Municipal Sewage System
Size Depth 99 Ft
Size Frontage 33 Ft
Size Irregular 33 Ft X 99 Ft
Size Total Text 33 Ft X 99 Ft
Zoning Description Residential

https://www.realtor.ca/real-estate/27511064/179-181-cathcart-street-ottawa-lower-town

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