255 Frechette Street Ottawa, Ontario K1L 7T3
$895,000
Spanning a generous 600.42 sq m R4-zoned lot, this well-maintained fourplex stands at the forefront of Vanier North' rapidly gentrifying landscape. Strategically situated just two blocks from Beechwood Avenue, residents enjoy easy access to a vibrant array of restaurants, shops, and amenities. The property boosts an abundance of parking, a rear patio, 4 storage lockers, and a shed. With the annual revenue of $63,972 (see rep remarks for pending increases) and manageable operating costs of $20,427, this investment offers substantial and consistent returns. Diverse unit mix (batchelor-3 bedrooms), reliable tenants and good community spirit. The neighbourhood has witnessed a surge in new constructions. The property lot has substantial development potential, further enhanced by new provincial regulations. It is potentially feasible to add four additional units to the existing fourplex; buyer to verify. Viewings: Wed, Thu, Sat 4-6 pm, 48-hr notice. (id:41455)
Property Details
| MLS® Number | 1363287 |
| Property Type | Multi-family |
| Neigbourhood | Vanier North |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Features | Balcony |
| Parking Space Total | 10 |
| Structure | Patio(s) |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1960 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Stucco |
| Fireplace Present | No |
| Flooring Type | Hardwood, Tile |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Oversize | |
| Gravel | |
| Surfaced |
Land
| Acreage | No |
| Current Use | Development Residential |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Landscape Features | Partially Landscaped |
| Sewer | Municipal Sewage System |
| Size Depth | 96 Ft ,7 In |
| Size Frontage | 53 Ft ,7 In |
| Size Irregular | 0.15 |
| Size Total | 0.15 Ac |
| Size Total Text | 0.15 Ac |
| Zoning Description | R4ua[1133] |
https://www.realtor.ca/real-estate/26135822/255-frechette-street-ottawa-vanier-north
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Ottawa Real Estate Board
Engel & Volkers Ottawa Central
December 01 2023 02:11:43
