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$ 1,369,000
Est. payment /mo
Active
403 PEACH TREE LN Ottawa, ON K1K 2R7
UPDATED:
Key Details
Property Type Other Types
Sub Type Multifamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1418857
Year Built 1959
Annual Tax Amount $6,166
Tax Year 2023
Property Sub-Type Multifamily
Property Description
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.
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.
Location
Province ON
Rooms
Basement Full
Interior
Heating Natural Gas
Flooring Hardwood, Laminate
Exterior
Parking Features Surfaced
Roof Type Tar & Gravel
Building
Dwelling Type Triplex
Story 2
Sewer Sewer Connected
Water Municipal
Structure Type Brick
Listed by RARE REAL ESTATE INC.