324 CURRELL Ave, Ottawa, K1Z 7J6

Listing Overview

Description

MODERN 8-UNIT COMPLEX Newer Built (2013) 8 unit complex in the beautiful sought after Westboro/Hampton Park area of Ottawa. Complex consists of 2 x one bedroom and 6 x two bedroom units all with top end finishes including granite counter tops, hardwood floors and stainless steel appliances. Each unit has access to an outdoor space (balcony/entrance), large bedrooms and plenty of natural light. Storage for garbage, recycling and composting available for tenants. Complex is low maintenance with A+ tenants. Lots of room for future rental increases with tenant turnover. Don't miss out on this great investment opportunity. 2024 NOI $119,483 and CAP 4.5%; 2025 NOI $131,692 and CAP 5.0%; 2026 NOI $139,024 and Cap 5.3% (based on recent turnovers and standard rental increases of 2.5%). Assumable CMHC mortgage @4.5% matures May 2029.

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On Market

Investment

Property Type

$21,247 / Year

Est. Taxes

Apartment

Style

Apts-6 To 12 Units

Business Type

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Franchise