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$ 2,200,000
Est. payment /mo
New
203-205 Marier AVE Vanier And Kingsview Park, ON K1L 5R6
10 Beds
8 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 3402 - Vanier
MLS Listing ID X13869198
Style 2-Storey
Bedrooms 10
Annual Tax Amount $12,510
Tax Year 2026
Property Sub-Type Multiplex
Property Description
Visit the REALTOR website for further information about this Listing. Seven rental units in two buildings near Beechwood Avenue in east-central Ottawa. The location offers access to Montfort Hospital, downtown, the University of Ottawa, ByWard Market, and Highway 417. The area is very popular with young professionals and students. 203 Marier is a fully rented triplex with three two-bedroom, one-bathroom units. It has five exterior storage lockers and coin-operated laundry in the basement. Updates include windows (2019), pavement and exterior cladding (2023), and the roof (2026). Two units are furnished. The boiler and hot water tanks are owned. 205 Marier is a fully rented fourplex with one two-bedroom, one-bathroom unit; one two-bedroom, two-bathroom unit; and two one-bedroom, one-bathroom units. Updates include windows and the roof (2019), and pavement and exterior cladding (2023). The furnace and hot water tank are rented from Enercare. Approximate annual gross income is $157,800. Projected net operating income is approximately $122,000, which represents a 5.5% cap rate at the asking price. The properties are offered as-is. Easy Street Services manages the properties and is willing to continue, subject to an agreement with the buyer. Reported CM1 zoning may allow future development.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room Yes
Basement Finished, Full
Kitchen 7
Separate Den/Office 12
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Rolled,Other
Lot Frontage 80.0
Lot Depth 114.0
Total Parking Spaces 5
Building
Building Age 51-99
Foundation Concrete
Others
ParcelsYN No
Listed by EASY LIST REALTY LTD.
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