10 Sherbrooke Avenue,West Centre Town, ON K1Y 1R7
West Centre Town, ON K1Y 1R7
Description
Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredible opportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinder block four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters. This turn key investment property has a 6% cap rate and is fully rented with ideal tenants and grosses an annual income of $96,672. Looking to increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity.
Details
| MLS # | X13504228 |
|---|---|
| Listing Type | For Sale |
| Style | 1 Storey/apt |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 71 |
| Listing Provided By | ENGEL & VOLKERS OTTAWA | X13504228 487802 |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| Acreage | 0.07 |
Interior
| Interior Features | None |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Block |
| Construction Materials | Metal/Steel Siding, Wood |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 7764.66 |
|---|---|
| Tax Legal Description | PT LTS 1 & 2, PL 95 , AS IN N518345, S/T & T/W N518345 ; OTTAWA/NEPEAN |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Ottawa |
| City | West Centre Town |
| Postal Code | K1Y 1R7 |
| Area | 4203 Hintonburg |
| Listing VS Median (in K1Y 1R7) | |
Price: $1,199,000 low | high Med: $0 On site: 71 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Ottawa |
| City | West Centre Town |
| Postal Code | K1Y 1R7 |
| Area | 4203 Hintonburg |
| Listing VS Median (in K1Y 1R7) | |
Price: $1,199,000 low | high Med: $0 On site: 71 low | high Med: | |
