Ottawa & Eastern OntarioNicolas Sigounis, REALTOR® · EXIT Realty Matrix, Brokerage

72 Pretoria Avenue Ottawa, Ontario K1S 1W9

5,000 sqft
None Radiant Heat, Hot Water Radiator Heat

$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 $30,340. NOI $105,334. Potential additional parking income $2400. (id:67947)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X13719870
Property Type Multi-family
Community Name 4402 - Glebe
Amenities Near By Highway, Public Transit
Equipment Type Water Heater
Rental Equipment Type Water Heater

Building

Appliances Dryer, Water Heater, Washer
Cooling Type None
Heating Fuel Natural Gas
Heating Type Radiant Heat, Hot Water Radiator Heat
Size Exterior 5000 Sqft
Size Interior 5,000 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Public Transit
Size Depth 100 Ft ,1 In
Size Frontage 40 Ft
Size Irregular Bldg=40 X 100.15 Ft
Size Total Text Bldg=40 X 100.15 Ft
Zoning Description R4s

https://www.realtor.ca/real-estate/30205912/72-pretoria-avenue-ottawa-4402-glebe

Nicolas Sigounis, REALTOR®

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Nicolas SigounisREALTOR® · EXIT Realty Matrix, Brokerage

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Listing courtesy of Mathieu Bedirian, RE/MAX Hallmark Realty Group

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Want an introduction? Call or text Nicolas at 613-859-9331 or email Nicolas@SigounisProperties.ca. No referral fees: Nicolas is not paid for these introductions.

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Estimate only. This is not a rate offer or a mortgage approval. Payments use Canadian semi-annual compounding. Insurance premiums, taxes and rates can change, and legal fees, adjustments and other closing costs are not included. Confirm your numbers with your lender.