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$2,395,000
Ottawa
310 BYRON Avenue, Ottawa, Ontario, K1Z6Z1
This multi-family property in Ottawa is for sale offering roughly 6,100 sq ft of space.
Westboro, excellent brick purpose built 6 unit apartment building, substantially upgraded and fastidiously maintained, with renovated apartments in an excellent Westboro location. Renovated kitchens and bathrooms, refinished hardwood floors, plumbing stacks replaced, breaker panels in units, hood fans, bathroom fans, dishwashers, 6 parking spaces plus extra area for snow, coin op laundry, storage lockers, owned HWT's, roof ~16 years old, furnace boiler 2015, windows replaced with vinyl windows, outdoor seating area. There is upside to the rents. 1 block to Richmond Rd and the Loblaws Superstore and all the stores and cafe's along Richmond Road, 10 minute walk to LRT transit. The New Draft Zoning Bylaw is just around the corner and will change the zoning to Commercial CM1, which will permit a wide range of commercial uses (including retail, personal services, hotel...). There is an opportunity to substantially increase revenue. Redevelopment is also possible, with the CM1 zone permitting 6 storeys. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 627 days on market, against an average age of 62 days across the listings currently for sale in this city
This multi-family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,395,000, about 31.1× the local median household income of $77,000.
Carrying it typically needs a household income of about $467,827 (20% down, 25-yr amortization, stress-tested) — roughly 508% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1Z)
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Loading rates, 30-yr amortization
Cash Needed to Close
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