Rare Investment Opportunity 9-Unit Multi-Family Property in Prime Downtown Ottawa! This rarely offered 9-unit investment property is a fantastic opportunity in one of Ottawa's most central and desirable neighborhoods. The building consists of 4 two-bedroom units, 3 one-bedroom units, and 2 bachelor units, all featuring high ceilings, hardwood floors, and charming architectural details that add character and appeal. With below-market rents, this property presents an excellent opportunity for future rent increases, offering strong potential for greater returns. Each unit is separately metered for hydro, with tenants responsible for their own electricity, ensuring lower operational costs for the owner. The property is equipped with 9 hydro meters, 9 rented hot water tanks, and a rented natural gas boiler with radiator heating. A shared coin-operated laundry is conveniently located in the basement for additional income. The property also offers 9 surface parking spaces at the front and back, a rare feature in this prime downtown location. Sitting on over 5,800 sq. ft. of valuable downtown development land, this site holds future potential for redevelopment or expansion. Ideally situated just minutes from the Museum of Nature, Downtown Ottawa, the Rideau Canal, and the Glebe, the property is within walking distance to grocery stores, banks, parks, and public transit ensuring high demand among tenants. Don't miss this incredible opportunity to invest in a well-located, income-generating property with long-term potential!
Address
305 Waverley Street
List Price
$2,599,000
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Area
Ottawa Centre
Sub-Area
4103 - Ottawa Centre
County
Ottawa
Bedrooms
13
Bathrooms
9
Floor Area
5000 + Sq. Ft.
Lot Size Source
MPAC
Lot Depth
98.9
Lot Size Units
Feet
Lot Width
58.92
Frontage Length
17.96
Approx. Age
51 - 99 Years
MLS® Number
X12132963
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
Full
Postal Code
K2P 0V9
Parking
Front Yard Parking, Lane
Parking Places (Total)
9
Tax Amount
$24,891.00
Tax Year
2024
Interior Features
Water Heater
Property Features
Public Transit, Park, School, School Bus Route, Rec./Commun.Centre
Heat Source
Gas
Heat Type
Heat Pump
Cooling Features
None
Construction Materials
Brick, Stone
Direction Faces
West
Foundation Details
Stone
Garage Type
None
Kitchens Total
9
Pool Features
None
Roof
Flat, Tar and Gravel
Sewer
Sewer
