230-232 MARIER AVENUE

Ottawa, Ontario, K1L5R3, Canada

$600,000

Great opportunity to own a TRIPLEX in Vanier with the option of easily creating additional units . Purchase as owner-occupied building, or add it to your investment portfolio. LARGE and WIDE LOT with R4UA-C zoning allowing for expansion & redevelopment (up to 8-plex with commercial unit - buyer to verify). Centrally located, walking distance to parks and shopping. Easy access to downtown and Beechwood Village. Unit 1-232 is a main level unit with full basement featuring 1 bedroom (possibility of adding a second), 2 FULL bathrooms and porch. This unit could easily be converted into 2 units (main level is VACANT, basement is rented). 2-232 is a upper level unit with 1 bedroom, 1 bathroom and balcony. 230 Marier is a upper level 2 bedrooms, 1 bathroom unit with balcony. The building also comes with a very large heated & attached 27ft X18ft garage that can be rented on its own or converted into an additional unit. Common laundry on site. All units are occupied except for the main level of unit 1-232 (basement is rented). Monthly income of $2,203 with all tenants month-to-month. Tenants pay their own hydro. Shingles (2009), Natural Gas Boiler (2024), Partial Siding and Flashing Repairs (2022), Water Main/Line to street replacement (2023). This is an ideal acquisition for someone looking to invest in a growing area with the possibility of increasing the property's value. 24 HRS notice for showings. 24 HRS irrevocable on all offers. Property is sold as-is, where-is (estate conditions)

EXTRAS RENTS: 1A-232 ($806), 2-232 ($806), 230 ($591). TOTAL $26,436 (PROJECTED $103,200). EXPENSES: Snow removal ($1037), Lawn Maintenance ($600), Insurance ($3373), Gas ($3,037), Water ($817), Taxes ($5421). TOTAL: $14,285.

EXTRAS: Irregular lot size

Last updated on : Thursday 23rd of January 2025 05:52:11 PM

ADDRESS

Street : 230-232 MARIER AVENUE

City : Ottawa

Province : Ontario

Country : Canada

Postal Code : K1L5R3

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PROPERTY SUMMARY

Property ID : X11937091

Building Type : Triplex

Property Type : Single Family

Bedrooms : 4

Bathrooms : 4

Parking : 8

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