466 MACLAREN Street, Ottawa, Ontario, K1R5K6




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$1,295,000
Ottawa
This multi-family property in Ottawa is for sale offering roughly 2,250 sq ft of space. It has been on the market 56 days, fresher than the Ottawa average of 62 days.
Desirable and rarely available - an attractive, well maintained, fully leased, 5-unit apartment building in Centertown. Easy to lease, manage and operate. Major capital improvement completed in the past 10yrs including boiler, roof, driveway, electrical meters, updated common areas and unit interiors. 2 parking spaces. Please contact Listing Agent for financials. Unit Mix = 1-2bed, 1-1bed, 3-studios. Rental Income = $97,520 ; Expenses = $26,093 (incl $500/unit/yr maintenance) ; Net Income = $71,427 (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 3-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 $1,295,000, about 17.5× the local median household income of $74,000.
Carrying it typically needs a household income of about $252,959 (20% down, 25-yr amortization, stress-tested) — roughly 242% 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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