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$2,100,000
Ottawa
141 Primrose Avenue, Ottawa, Ontario, K1R6M4
This multi-family property in Ottawa is for sale offering roughly 4,250 sq ft of space. It has been on the market 54 days, fresher than the Ottawa average of 63 days.
Opportunity awaits! CAP RATE 7.55%. Perfect for visionary investors or ambitious home buyers seeking a revitalization project in the vibrant Lebreton Flats. Three refreshed century townhomes with original charm in a quiet neighbourhood are part of this exceptional real estate opportunity. Built in 1905, each home boasts 4 spacious bedrooms two equipped with 3 full bathrooms and one with 2.5 bathrooms along with partially finished basements. Separate utilities - forced air heating, on-demand tankless hot water, and air conditioning. Set on a generous lot of 56 x 84 feet and just steps away from the exciting new Sens arena development, LRT, and so much more. Severance potential adds further value and flexibility for future development. Don't miss out on this remarkable opportunity to make your mark in a thriving community! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 54 days on market, against an average age of 63 days across the listings currently for sale in this city
This 12-bed multi-family in Ottawa has been listed for 54 days, which is 9 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,100,000, about 28.4× the local median household income of $74,000.
Carrying it typically needs a household income of about $410,204 (20% down, 25-yr amortization, stress-tested) — roughly 454% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1R)
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Loading rates, 30-yr amortization
Cash Needed to Close
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