$1,250,000
Available - For Sale
Listing ID: X12127994
420 Bronson Aven , West Centre Town, K1R 6J6, Ottawa
| Prime 5-unit turnkey investment in the heart of Ottawa! Looking to grow your real estate portfolio with a high-performing asset? Look no further. This exceptional 5-unit income property, located in one of Ottawa's most sought-after corridors, is a rare find that delivers on every front. The property generates an impressive $84,792 per year in gross income, with a solid net operating income of approximately $66,712 before debt service. Whether you're a seasoned investor or buying your first income property, this is a great opportunity offering both stability and growth potential. Just steps from Downtown Ottawa, vibrant Chinatown, and only minutes from the LRT station, this central and high-demand location ensures excellent tenant appeal and long-term value. Recent upgrades include a brand new driveway and hot water tank (2024), new eavestroughs and ice block grids (2023), full unit renovations between 2017 and 2020, and attic insulation with modern siding (20192020).The property also features five surface parking spots, easy access to OC Transpo, and is close to many walkable amenities, making it even more attractive to potential tenants and owners. This is a smart, strategic investment with modern updates, strong cash flow, and a prime location. Don't miss out properties like this don't last long! |
| Price | $1,250,000 |
| Taxes: | $5878.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 420 Bronson Aven , West Centre Town, K1R 6J6, Ottawa |
| Postal Code: | K1R 6J6 |
| Province/State: | Ottawa |
| Legal Description: | PT LT 136, PL 3459 , AS IN N585516 ; OTT |
| Directions/Cross Streets: | Bronson & Gladstone |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 2089.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Approximatly Age: | 100+ |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Water Expense: | $2527 |
| Net Income Before Debt: | $66712 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RIGHT AT HOME REALTY |
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Wally Islam
Real Estate Broker
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416-949-2626
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | West Centre Town |
| Neighbourhood: | 4205 - West Centre Town |
| Approximate Age: | 100+ |
| Tax: | $5,878 |
| Fireplace: | N |
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