For Sale - Asking Price $599,000 Duplex with R5 Zoning, Lower Town. Ottawa, ON
Located in Downtown Ottawa only 500 meters to Rideau Street and about a 15 minute walk to the Rideau Centre, this duplex property is filled with opportunity for investors looking to capitalize on the growth in the area. The Lower town neighborhood has been an area of gentrification since the announcement of LRT, with many shops and restaurants in the area and its proximity to the famous Byward Market new construction development and intensified renovations has started to take effect in the area.
It consists “as-is” of 2 – Four bedroom apartments. The plumbing and electrical is already in place to create a third apartment in the basement, or convert the main floor unit into a 6 bedroom apartment. The basement unit has a ceiling height of around 6,2ft -7ft feet. The building is structurally solid, has had the electrical system updated and a new rental high efficiency furnace installed within the last few years. With a little TLC this property has the potential to be your next great investment.
Contact Kwesi for the Complete Marketing Package with the income and expenses.