250 RUSSELL AVE, Ottawa, Ontario K1N 7X5

For Sale

$1,349,900 CAD
$1,349,900 CAD
  • 9 Beds
  • 3 Baths
  • Residential
Open House
Please follow the guidance of local authorities when deciding on a property viewing during COVID-19.
Is this home right up your alley? Get all the details now.

Property Summary for 250 RUSSELL AVE

MLS® Number
Year Built
Lot info
33.01ft x 148.00ft
9,574 CAD (2021)
Sandy Hill
Postal Code
K1N 7X5

Description for 250 RUSSELL AVE

Calling all investors, contractors or anyone looking for a fall/winter project...opportunity knocks in desirable Sandy Hill! This solid concrete block building sits on an extra deep 148-foot lot with possibility to build or develop the back of the property. Proper parking lot lines could be added to the back of the property to collect additional parking fees, or its easily turned into a family backyard. Currently used as student rentals with a total of 13 rooms, this property is technically a triplex with a non-conforming 4th unit. Unit 1 is 4 bedrms. Units 2, 3 & 4 are all 3 bedrms. Two tenants are month-month, one Tenant is on a new 1-year lease, and one Tenant is on a new 8-month lease (the other rooms are vacant). If the property was fully occupied the estimated annual income would be $103,020 with estimated expenses of $25,715, estimated NOI of $77,305 (estimated cap rate of 5.5%). Updates include roof 2020, all windows 2021. 24 hours' notice for showings on Tenant occupied units.\r
Find out more about this property. Request details here
Listing provided by Point2 Agent

Mortgage rate comparison for 250 RUSSELL AVE top

Similar properties for sale in Sandy Hill, Ottawa

$1,395,000 CAD
  • 9 Beds
  • 4 Baths
$1,545,000 CAD
  • 11 Beds
  • 4 Baths
$1,395,000 CAD
  • 9 Beds
  • 4 Baths
$899,900 CAD
  • 7 Beds
  • 3 Baths

Browse all homes for sale in Sandy Hill, Ottawa

Sorin Vaduva

Sorin Vaduva

Sorin Vaduva Real Estate

Add a message

This site is protected by reCAPTCHA. Google Privacy Policy and Terms of Service apply.
Choose language: English Español ?