#451 & 453 453 Catherine Street North, Ottawa - Multi-family for Sale

Description

Exceptional commercial/residential investment opportunity in a prime Ottawa Centre location. This well-maintained property offers strong existing tenancy, excellent income potential, and future flexibility for investors, entrepreneurs, or owner-occupiers. Located in a highly visible commercial hub with excellent exposure, convenient access to Highway 417, and proximity to Dow's Lake, Lansdowne, and Ottawa's downtown core, this property offers outstanding accessibility and long-term potential. Situated on a generous lot of approximately 33 ft x 99 ft, the property features rear parking for up to 6 vehicles and a versatile layout with multiple income streams. This property includes approximately 1,100 sq. ft. per side, plus basement space. One office space is currently owner-occupied and could potentially be rented for approximately $3,000/month. Additional income includes Unit 453, a spacious 3-bedroom, 1-bathroom unit with in-unit laundry plus parking, currently rented for $1,850/month. Unit 451 is a second-floor 3-bedroom, 1-bathroom unit with kitchen and parking, currently rented for $1,450/month, with potential for future rent increase. The property also benefits from stable tenancy and strong rental demand. Ideal for investors looking to expand their portfolio or buyers seeking a live-work/business opportunity with additional revenue. A rare find with excellent parking, strong income, visibility, and future business potential. Book your showing today and explore all the possibilities this unique property has to offer. Separate utilities: Roof replaced (2023), Furnace (2016). Great opportunity to secure a property that offers both immediate revenue and long-term growth. Book your showing today! (id:66096)

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