$899,000
Ottawa
134 Jolliet Avenue, Ottawa, Ontario, K1L5J7
This multi-family property in Ottawa is for sale offering roughly 1,750 sq ft of space. It has been on the market 56 days, fresher than the Ottawa average of 62 days.
Exceptional investment opportunity in the heart of Beechwood Village. This well-maintained triplex offers the rare combination of strong rental income, an enviable location, and exceptional flexibility for both investors and owner-occupiers.The property features three thoughtfully laid-out two-bedroom, one-bathroom residential units, currently generating $5,363 per month in rental income, or approximately $64,356 annually. The upper unit rents for $1,580/month, the main-level unit for $1,925/month, and the lower unit for $1,858/month. The main-level residence has been beautifully updated with new flooring, stainless steel appliances, and a renovated bathroom, adding to its appeal and rental potential.Three outdoor parking spaces are included, and the property generates an additional approximately $1,200 annually through pay-per-use laundry. Tenants are responsible for their own hydro.An exceptional opportunity to add a quality multi-residential property to your portfolio, or live comfortably in one unit while generating rental income from the other two. With three separate units and multiple income streams, this property offers both immediate revenue and long-term potential.Located in the sought-after Beechwood Village community, residents enjoy convenient access to downtown Ottawa, public transit, shops, restaurants, schools, parks, and hospitals. A compelling opportunity to acquire a versatile income-producing property in one of Ottawa's established and highly desirable neighbourhoods. Some photos are virtually staged. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 56 days on market, against an average age of 62 days across the listings currently for sale in this city
This 6-bed multi-family in Ottawa has been listed for 56 days, which is 6 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $899,000, about 14.2× the local median household income of $63,200.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 178% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1L)
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Loading rates, 30-yr amortization
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