253-259 York Street Ottawa, ON K1N 5T9
Listing Courtesy of:  CREA / Sleepwell Realty Group Ltd

  253-259 York Street Ottawa, ON K1N 5T9

Active (65 Days)
$13,405,816

Description

Discover opportunity with this 38-unit (37-res, 1-comm) portfolio that offers tremendous upside: 16-unit development ready with site plan and zoning approval, 14 vacant suites ready for renovation and further units turning over Sep’24. Projected NOI $831,303 with significant room to grow with future development. Drive increased revenue through immediate renovations to 14 strategically vacant units ready for your vision. An additional 14 units are slated for turnover in September 2024 which. Necessary approvals obtained, you are ready to add 16 units, including 2 two bedroom and 14 studio suites. With a diverse unit mix, high demand location, and clear pathways for value enhancement, this portfolio promises stable cash flow and substantial returns. The complete vision of York and Nelson is yours to create. Development documents available upon request. All units have individual hydro meters. Financials and full building tour available upon conditional sale. (id:41440)

MLS®:
1391163
Type
Multifamily
County
Ottawa

Listed By

Adam Pearce, Sleepwell Realty Group Ltd
Source
CREA
Last checked Jul 21 2024 at 9:00 AM GMT+0000
Bathroom Details
Property Features
  • Foundation: Block
Heating and Cooling
  • Natural Gas
  • Radiant Heat
  • Hot Water Radiator Heat
  • Unknown
Exterior Features
  • Vinyl
Utility Information
  • Sewer: Municipal Sewage System
Parking
  • Total: 8
Stories
  • 3
Location
   
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 7/21/24 02:00