May 21

Income Properties Close to Ottawa’s Downtown Core Hard to Find–Fourplex Available

280 Columbus Avenue, Ottawa ON

List Price: $595,500

Location: inner city (Overbrook) Ottawa, ON
Property Type: investment property includes four units–one, superb 3-bedroom apartment that along with a 2-year old deck could be a home by itself, two, 2-bedroom apartments and one, 1-bedroom. 2 detached garages at rear and nice landscaping complete the picture. Income and expenses to be provided upon request for qualified buyers. All data to be verified by buyer. Decent current cap rate with opportunity for further improvement. Income growth potential via renting garages and increasing rents.
Area: 50′ frontage x 104′ depth

Remarks: Income properties close to Ottawa’s downtown core are hard to find. Stop looking—this is it. Lovely fourplex with longterm tenants available now. Great potential for new dynamic owner. Lease are semi net. Want to know why discerning investors buy real estate? Because they are tired of poor returns on their savings accounts, mutual funds, stock market picks, t-bills, GICs… Learn more by reading Retire Rich Retire Early and Real Estate Investing Made Easy available on Amazon.

Directions: From downtown Ottawa proceed east on Rideau Street until you come to Vanier Parkway. Turn south until you reach Donald Street exit. Turn east then south on Edith Avenue and east on Columbus. Travel time 11 minutes (est).

MLS # 912025

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About the Author

Bruce is an entrepreneur/real estate broker/developer/coach/urban guru/keynote speaker/Sens founder/novelist/columnist/peerless husband/dad.