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Home ON Ottawa - Gatineau Ottawa Vanier Vanier South
331 MONA AVENUE
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331 MONA AVENUE $1,199,900
$1,199,900
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331 MONA AVENUE
Ottawa, Ontario K1L7A3

MLS® Number: X11996887

Listing Description

Excellent Investment Opportunity in Vanier!This sixplex offers a desirable mix of four 1-bedroom and two 2-bedroom units, each with its own private entrance, eliminating common areas and reducing maintenance. With a strong cap rate of 5.82%, this property is priced to sell and offers exceptional cash flow potential. The property generates a yearly income of $86,837.28 with a net operating income of approximately $69,794.25.Recent capital improvements include a new hot water boiler system, new siding, a new front staircase, and a new sump pump, ensuring long-term durability. Several units have been renovated, generating strong rental income with room for future rent increases, making it easier to qualify for financing. The property features four parking spaces, with tenants handling snow removal, and offers potential to generate additional revenue by charging for parking. There's also an opportunity to add a laundry facility in the utility room for extra income. Located in Ottawa's high-demand Vanier rental market, this property boasts a Walk Score of 89, meaning most daily errands can be completed on foot. Public transportation is easily accessible, with multiple OC Transpo bus routes connecting to downtown Ottawa and key destinations. The area offers a variety of amenities, including the Richelieu-Vanier Community Centre for recreational and cultural activities, as well as the Vanier Museopark for outdoor green space and year-round programming. Don't miss out on this multi-unit investment, schedule your viewing today! (39968754)

Location Description

Montreal Road

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
3404 - Vanier
Land Size
Bldg=90 x 42.5 FT
Annual Property Taxes
$6,752
Total Parking Spaces
4
Time on REALTOR.ca
19 days

Building

Interior Features
Appliances Included
Stove, Refrigerator
Heating & Cooling
Heating Type
Hot water radiator heat
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)
Parking
Total Parking Spaces
4

Measurements

Square Footage
3778 sqft
Exterior Building Size
3778 sqft

Land

Lot Features
Frontage
90 ft
Land Depth
42 ft ,6 in
Other Property Information
Zoning Description
R4B
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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