$1,288,800

For sale

70 Russell Avenue, Ottawa, Ontario, K1N7X1

21 bd8 ba1 pk4,250 ft²

Listed by SLEEPWELL REALTY GROUP LTD

142 Ste Cecile Street, Ottawa, Ontario, K1L5L3

For saleJust listed

Today

$699K

142 Ste Cecile Street, Ottawa, Ontario, K1L5L3

6 bd3 ba3 pk4,250 ft²Lot size 40 × 90 ft (3,600 sq ft)

Listed by RE/MAX HALLMARK REALTY GROUP

498 Gladstone Avenue, Ottawa, Ontario, K1R5N8

For saleJust listed

Yesterday

$750K

498 Gladstone Avenue, Ottawa, Ontario, K1R5N8

4 bd2 ba4 pk1,750 ft²Lot size 33 × 62 ft (2,046 sq ft)

Listed by ROYAL LEPAGE TEAM REALTY

For saleJust listed

Yesterday

$750K

498 Gladstone Avenue, Ottawa, Ontario, K1R5N8

4 bd2 ba4 pkLot size 2,047 sq ft

Listed by ROYAL LEPAGE TEAM REALTY

Investment analysis

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$1,288,800

Ottawa

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245 Durocher Street, Ottawa - Multi-family for Sale

245 Durocher Street, Ottawa, Ontario, K1L7S5

6 beds6 baths0 parking2,250 ft²33 × 99 ft (3,260 sq ft) lot sizeListed 9 days ago

Overview

This multi-family property in Ottawa is for sale offering roughly 2,250 sq ft of space. It has been on the market 9 days, fresher than the Ottawa average of 62 days.

Multi-Family Properties for Sale in Ottawa →All real estate in Ottawa →

Description

WOW! BUILT IN 2019, FULLY TENANTED, AND GENERATING $77,940 IN GROSS ANNUAL RENTAL INCOME! Discover this modern duplex with a secondary dwelling unit, ideally located in the heart of Vanier! Featuring THREE self-contained units, each thoughtfully designed with 2 bedrooms, 2 full bathrooms, bright open-concept living and dining areas, and contemporary finishes throughout. Each unit offers the convenience of private in-unit laundry, its own furnace and central air conditioning, separate hydro meters, and stylish laminate and tile flooring. Built in 2019, this property combines modern construction with practical layouts and independent utilities for added tenant comfort. FANTASTIC CENTRAL LOCATION! Enjoy being just moments from the shops, restaurants, and cafés of Beechwood Village, public transit, and the scenic Rideau River, with the ByWard Market and Centretown only minutes away. Situated in a charming, evolving neighbourhood with easy access to everyday amenities and Ottawa's vibrant downtown core. With all three units currently rented and producing $77,940 in gross annual rental income, this property offers immediate cash flow potential in a sought-after urban setting. THREE UNITS, SIX BEDROOMS, SIX BATHROOMS, AND ONE OUTSTANDING OPPORTUNITY! (id:66096)

Property Details

MLS®: X14118206
Property Type: Multi-family
Zoning: Residential
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 6
Parking: 0
Interior Size: 2,250 ft²
Lot Size: 33 × 99 ft (3,260 sq ft)
Frontage: 33 ft
Storeys: 3
Basement: Finished, Full, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Property Tax: $10,087.66/yr
Listed: 9 days ago

Rooms

Second level

Bathroom
Bathroom
Bedroom
Bedroom

Third level

Bedroom
Bedroom
Bathroom
Bathroom

Lower level

Bedroom
Bedroom
Bathroom
Bathroom

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater
Foundation: Concrete

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Ottawa listings, avg age

62d

Price / ft²

$573

List price

$1.29M

Haho

This 6-bed multi-family in Ottawa has been listed for 9 days, which is 53 days fresher than the city average of 62. Act while there is still low competition.

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Listed by EXP REALTY · Tarek El Attar

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1L)

This home lists at $1,288,800, about 20.4× the local median household income of $63,200.

Carrying it typically needs a household income of about $251,748 (20% down, 25-yr amortization, stress-tested) — roughly 298% above the area median.

Median household income: $63,200
Population: 18,213
Median age: 41.2
Owner / renter: 33% / 67%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA K1L)

$1,288,800· $573/ft²

For sale

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Full Cost Breakdown

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Down Payment8.06% · $103,880

Min 8.06%50%

Mortgage payment$6,569/mo

↳ CMHC premium ($47,397 capitalized)

Property tax (est.)$841/mo

Total monthly$7,410

Cash Needed to Close

Down payment (8.06%)$103,880

Land transfer tax$22,251

Est. closing costs$6,366

Total cash needed$132,497

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice