72 Pretoria Avenue Ottawa, Ontario K1S 1W9
$1,985,000
This 6-unit fully tenanted residential building offers strong holding power, consistent rental demand, and valuable upside for savvy investors or portfolio builders. Composed of five 2-bedroom units, and a 1 bedroom unit. Coin operated laundry in the building. 2 parking spaces can generate extra income. Tenants pay hydro. Roof (2018), Windows (2016), Boiler (2025). Grocery store, LCBO, TD Bank, the Canal and bike/walking trail all located across the street, minutes to Carleton and Ottawa University, downtown government employment hubs, Highway 417 access and more; this easily attracts tenants making it easy to rent. FUTURE DEVELOPMENT POTENTIAL. Plans to add a building in the back have been approved with the City and ready to start. Whether you are looking to acquire a turnkey income generator, or secure a prime piece of central Ottawa real estate, 72 Pretoria Avenue delivers location, scale, and long-term capital appreciation potential. Gross Income $135,675. Operating expenses $33,658. NOI $102,016. Potential additional parking income $2400. (id:59524)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X13719870 |
| Property Type | Multi-family |
| Community Name | 4402 - Glebe |
| AmenitiesNearBy | Highway, Public Transit |
| EquipmentType | Water Heater |
| RentalEquipmentType | Water Heater |
Building
| Appliances | Dryer, Water Heater, Washer |
| CoolingType | None |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat, Hot Water Radiator Heat |
| SizeExterior | 5000 Sqft |
| SizeInterior | 5000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| SizeDepth | 100 Ft ,1 In |
| SizeFrontage | 40 Ft |
| SizeIrregular | Bldg=40 X 100.15 Ft |
| SizeTotalText | Bldg=40 X 100.15 Ft |
| ZoningDescription | R4s |
https://www.realtor.ca/real-estate/30205912/72-pretoria-avenue-ottawa-4402-glebe

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