244 Wilbrod Street, Ottawa, Ontario K1N 6L6

For Sale

$1,037,000 CAD
  • 8 Beds
  • 3 Baths
  • 0.042 ac Lot Size
  • Residential
Open House No open houses are scheduled at this time.
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Property Summary for 244 Wilbrod Street

Property Type
Residential
Lot Size
0.042 Ac
Date Added
29 July 2019
Lot info
27.00ft x 68.34ft
Taxes
7,771 CAD (2019)
Neighborhood
Sandy Hill
Postal Code
K1N 6L6

Description for 244 Wilbrod Street

Unbelievably sound investment in one of Ottawa's most vibrant neighborhoods.  This stately brick triplex has been tweaked to generate more income than the majority of buildings of this type regardless of location.  Annual income is $76,478.00 and the expenses are $11,782.00.  With a Net Income of $64,696.00 this building produces a healthy 6.24% capitalization rate.  Lower level is a heavily updated one bedroom with separate entrance, Main floor 2 bedroom unit is very spacious and can easily be used as a 3 bedroom unit which would easily add another $9000.00 per year.  And the second and third levels are leased as a 5 bed, 1 bath shared unit with 5 individual gross leases.  Zero vacancies.  Easy to manage as a fully tenanted investment or owner occupy and in an unbeatable location just a short walk to Byward Market, Ottawa U and the core.  No parking means additional savings with no snow removal expenses...  This one has more potential and makes abnormally high revenues thanks in part to it's layout and the unique services bundled by the owners who are relocating.  Call to get more info at 613-238-2801.
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Listing provided by Point2 Agent on 07/30/2019

Mortgage rate comparison for 244 Wilbrod Street top

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Jacen Matthews

Jacen Matthews

Royal LePage Performance Realty

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