179-181 Cathcart Street Ottawa, Ontario K1N 5C1
$1,698,800
Turn-key investment property in an ideal location, steps to embassies, government buildings, trails, shops and the river in a beautiful pocket of Lower Town. This triplex has been extensively renovated and upgraded from top to bottom, absolutely everything is done! Best of all, it brings in almost 100k of annual rent with it's 3 large apartments. Tall ceilings, huge rooms, stunning kitchens, beautiful curb appeal, two upstairs balconies and one main floor deck, 2 parking spaces, 3 separate private entrances, all en-suite laundy, 3 hydro meters. Recently converted from duplex to triplex with the city. Upstairs is tenanted for $3100, Main floor tenants pay $2950 and basement is vacant (market rent is $2100). Upgrades include: All appliances 2023, Roof 2024, Boiler 2023, heat/AC pumps 2023 and lots more! This one is cash flow positive with today's interest rates and so easy to rent! (id:50886)
Property Details
| MLS® Number | 1415353 |
| Property Type | Multi-family |
| Neigbourhood | Lower Town |
| Easement | Right Of Way |
| ParkingSpaceTotal | 2 |
Building
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1929 |
| ConstructionStyleAttachment | Attached |
| CoolingType | Heat Pump |
| ExteriorFinish | Brick |
| FlooringType | Hardwood, Tile |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Heat Pump, Radiant Heat |
| StoriesTotal | 2 |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Open | |
| Surfaced |
Land
| Acreage | No |
| CurrentUse | Development Residential |
| Sewer | Municipal Sewage System |
| SizeDepth | 99 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33 Ft X 99 Ft |
| SizeTotalText | 33 Ft X 99 Ft |
| ZoningDescription | Residential |
https://www.realtor.ca/real-estate/27511064/179-181-cathcart-street-ottawa-lower-town
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Erica Young
Salesperson
5536 Manotick Main St
Manotick, Ontario K4M 1A7
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October 07 2024 08:11:43
Ottawa Real Estate Board
Royal LePage Team Realty