305 WAVERLEY Street, OttawaCentre, ON K2P 0V9 – Ottawa Centre – $2,599,000

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Description

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!

Property Details

• Bedrooms: 13
• Property Type: Residential Freehold
• List Price: $2,599,000
• Parking Spaces: 9
• Tax Year: 2024
• Annual Taxes: $24,891