734 De L'eglise St, Ottawa, Ontario

Multi-Family for Sale in Ottawa

734 De L'eglise St, Ottawa, ON

  • CA$799,000
  • 5 BEDS
  • 3 BATHS
  • CA$799,000

Multi-Family for Sale in Ottawa

734 De L'eglise St, Ottawa, ON

  • CA$799,000
  • 5 BEDS
  • 3 BATHS
  • CA$799,000

Key Facts

  • MLS® #: X13544702
  • Property ID: SIRC3491091
  • Property Type: Residential, Triplex
  • Interior Area¹: 2000-2500 sq.ft.
  • Lot Size¹: 42.5x106.5 ft.
  • Bedrooms: 5
  • Bathrooms: 3
  • Parking Spaces: 4
  • Listed By:
  • AVENUE NORTH REALTY INC.

Property Description

Excellent opportunity to own a well-maintained all-brick triplex offering strong cash flow and long-term investment potential. This solid multi-family property features three self-contained units consisting of two 2-bedroom apartments and one 1-bedroom apartment, for a total of 5 bedrooms. All tenants are currently on month-to-month leases, providing flexibility for investors looking to optimize rents or owner-occupants seeking future occupancy options.The property currently generates $4,500/month ($54,000 annually) in gross rental income. Unit 1 rents for $1,500/month, Unit 2 for $1,300/month (long-term tenant of approximately 10 years), and Unit 3 for $1,700/month. Tenants are responsible for their own hydro, while the building is heated by a central boiler system. Additional utility features include four separate gas meters and three individual hot water tanks, one servicing each unit.Several major capital improvements have already been completed, including foundation underpinning (2012), new roof drain and re-routing of the drain pipe (2019), and renovations to the front common area with new carpet, drywall and insulation (2019). Bathrooms in Units 1 and 2 have also been tastefully renovated.Additional features include shared laundry, 4 rear parking spaces, and 4 private storage lockers, adding convenience and value for tenants.Whether you're an experienced investor or looking to add a quality income property to your portfolio, 734 De L'Église Street offers reliable income, solid building systems, and future upside in a well-established Ottawa neighbourhood.

Listing Agents

AVENUE NORTH REALTY INC.

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Location

734 De L'eglise St, Ottawa, Ontario, K1K 3K6 Canada

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¹The value refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.
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