Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

26 Aylmer Avenue, Glebe - Ottawa East and Area, ON K1S 2W9 (Bank St/Aylmer Ave)
$ 1699000 - MLS : X12813150

From Our Gallery

Description

Incredible investment opportunity in the heart of Old Ottawa South! This fully tenanted multi-unit property sits on an expansive 30' x 161' lot and features a newer 3,000 sq. ft. addition, creating four self-contained apartments in total.The building includes one spacious 3-bedroom unit, two well-appointed 2-bedroom units, and one 1-bedroom unit. The original front unit has been tastefully updated with hardwood floors, granite countertops, modern cabinetry, and a renovated bathroom. It also features its own furnace (2020), A/C (2017), and rented hot water tank. The 2017 addition was thoughtfully constructed with two furnaces and two central A/C units. Additional improvements include roof (2017) and sump pump (2017). The property is serviced by 3 hydro meters, 3 gas meters, and 1 water meter. All units offer the convenience of in-unit laundry. Currently generating $11,349.31 in gross monthly rental income with a 6.3% cap rate. The property is legal as it stands, and the City of Ottawa has suggested potential for a 5-plex configuration, offering future upside for increased income.

Location Description

Bank St/Aylmer Ave

Property Detail

Community: 4403 - Old Ottawa South
Property Type: Tenant/Commercial
Garages: None
Annual Property Taxes : $ 15949

Lot dimensions: sqft
Baths:

Facts and Features

Parking Type : None

Amenities

Heating : Gas Forced Air Open

Listing Contracted With: ROYAL LEPAGE PERFORMANCE REALTY

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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