403 PEACH TREE LANE
Ottawa, Ontario K1K2R7

$1,369,000

ID# 1389135

None Baseboard heaters Forced air

Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement. (id:25961)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of RARE REAL ESTATE INC.

Listed on: April 30, 2024

On market: 185 days

Year Built	1959
Cooling Type	None
Flooring Type	Hardwood, Laminate
Heating Type	Baseboard heaters, Forced air
Heating Fuel	Natural gas
Stories Total	2

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403 PEACH TREE LANE
Ottawa, Ontario K1K2R7

None Baseboard heaters Forced air

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