2 Oakland Avenue

 

 

Here's your chance to own a stunning fourplex in one of Ottawa's most prestigious and desirable neighbourhoods. This stunning property has the potential you are looking for. Located in the heart of the Glebe across from Lansdowne and TD Place with great access to transit and all amenities, finding qualified tenants is a breeze. With 6 available parking spots, 3 of which are enclosed garage spaces, the option to increase revenue is there.  Owned by the same landlord for 50+ years, renovations include new electrical, new furnace, plumbing updates, floor refinishing and more.  The possibilities here are endless, come and have a look for yourself.

 

Property Details:

MLS #: 1034162

# of Units: 4

Taxes:  $10,131/2015

Storeys: 3

Year Built: 1900/Approx

Parking: 3 Garage/3 Outdoor

Storage: 3 lockers

Lot Size: 38.5 x 109.5

Heating: Hot water boiler system

Inclusions: 4 Stoves, 4 dishwashers, 3 hot water tanks

# of hydro meters: 5

Annual Rental Income: $58,800

 

Annual Expenses:

  • Heat: $3,439

  • Hydro: $853

  • Water: $1,198

  • Lawn/Snow: $500

  • Insurance: $3,542

 

Property Highlights: 

  • Recently refinished hardwood flooring

  • Flat roof redone in 2015

  • Complete furnace system redone in 2014

  • High quality Alcan Windows

  • Main plumbing stack replaced

  • Professionally updated plumbing

  • High ceilings

  • Spacious units

  • Historically low to no vancancy

$1,598,000