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253-259 York Street Ottawa, Ontario K1N 5T9

Unknown Hot Water Radiator Heat, Radiant Heat

$17,950,000

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:37072)

Property Details

MLS® Number 1391163
Property Type Multi-family
Neigbourhood Lower Town
ParkingSpaceTotal 8

Building

CoolingType Unknown
ExteriorFinish Vinyl
FoundationType Block
HeatingFuel Natural Gas
HeatingType Hot Water Radiator Heat, Radiant Heat
StoriesTotal 3
UtilityWater Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
SizeFrontage 132 Ft ,1 In
SizeIrregular 132.06 Ft X * Ft (irregular Lot)
SizeTotalText 132.06 Ft X * Ft (irregular Lot)
ZoningDescription R4ud[2923]-c

https://www.realtor.ca/real-estate/26911644/253-259-york-street-ottawa-lower-town

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Adam Pearce
Salesperson


Sleepwell Realty Group Ltd
423 Bronson Ave
Ottawa, Ontario K1R 6J5

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