4 ECCLES STREET
Ottawa, Ontario K1R6S2

$1,595,000

ID# X11960040
This is a fantastic opportunity to own a turn key 8-unit investment property, with phenomenal cash flow! Perfectly situated only steps from Lebreton Flats, Little Italy and Chinatown, in a community filled with a diversity of restaurants, cozy cafes and all the amenities of living downtown. Public transit is within a block with quick access to the LRT station which runs through Lebreton Flats. Gross income of $138k+ with an NOI of $100k+. This is an outstanding investment opportunity at a 6.3% cap rate. This building is well maintained and in great condition with recently renovated units and a solid tenant base comprised primarily of young professionals. This building is extremely easy to manage and boasts a cooperative relationship between the owner and the tenants. All units are located above-grade and comprised of 3 spacious and bright two-bedroom units, two one-bedroom units and three bachelor suites. The impressive top floor two-bedroom unit was recently fully renovated with a new kitchen, new bathroom, full interior painting, new laminate flooring and fixtures throughout. A profitable coin operated laundry is in the basement with ample storage space for tenants. The property sits on a 71 x 46 lot with R4UB zoning and the spacious side lot (which currently holds 7 parking spaces) offers the potential for future development opportunity to add additional units. (id:25961)

ROSS LECKY

SALES REPRESENTATIVE

Office: 613-592-6400

rosslecky@royallepage.ca

Courtesy of CAPITAL COMMERCIAL INVESTMENT CORP.

Listed on: February 06, 2025

On market: 27 days
Heating Type Other
Heating Fuel Natural gas
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Address Price Bed Bath SqFt Area Sub Area Brokerage
115 RITA AVENUE Ottawa
115 RITA AVENUE
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341 SHADEHILL CRESCENT Ottawa
341 SHADEHILL CRESCENT
 $1,299,999 6 4 43.86 x 122.44 FT ; 0 Ottawa ENGEL & VOLKERS OTTAWA
2010 POSTILION STREET Ottawa
2010 POSTILION STREET
 $659,000 3 3 29.99 x 88.58 FT Ottawa SOLID ROCK REALTY
544 TRIANGLE STREET Ottawa
544 TRIANGLE STREET
 $674,900 3 3 20.02 x 98.42 FT Ottawa POWER MARKETING REAL ESTATE INC.
633 MONARDIA WAY Ottawa
633 MONARDIA WAY
 $603,000 3 3 21.3 x 82 FT Ottawa RIGHT AT HOME REALTY
564 REMNOR AVENUE Ottawa
564 REMNOR AVENUE
 $749,900 4 3 19.98 x 108.4 FT ; 0 Ottawa HOME RUN REALTY INC.
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ROSS LECKY

SALES REPRESENTATIVE

Direct: 613-447-7676

rosslecky@royallepage.ca

Royal LePage Team Realty

484 Hazeldean Road

Kanata ON K2L 1V4

Office: 613-592-6400

Toll Free: 1-800-307-1545

2019

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