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$1,225,000
Ottawa
331 Flora Street, Ottawa, Ontario, K1R5S1
This multi-family property in Ottawa is for sale offering roughly 2,250 sq ft of space.
This turn-key fully tenanted triplex sits in the heart of Ottawa Centre, with two spacious 2-bedroom units and one 1-bedroom unit, each finished with hardwood floors throughout and good in-unit storage. A newer boiler system anchors the mechanicals, and separate meters mean each tenant covers their own hydro. Combined rents bring in $6,404.61 a month, or $76,855.32 a year, with parking for three vehicles at the rear included as part of rent. Annual operating expenses $16,334. Flora Street is steps from direct transit to Carleton University, minutes from downtown and the Elgin Street strip, with easy access to the 417. This stretch of Centretown stays consistently rented. Laundry and utility with inside access. 24 hour irrevocable required on all offers, with Schedule B to accompany. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 68 days on market, against an average age of 62 days across the listings currently for sale in this city
This 5-bed 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 $1,225,000, about 16.6× the local median household income of $74,000.
Carrying it typically needs a household income of about $239,285 (20% down, 25-yr amortization, stress-tested) — roughly 223% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1R)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.