We just listed to the market this stunning Fourplex located in the middle of Centretown and walking distance to Tunney’s Pasture....Fully rented with potential for increase in rents and income as well as amazing development opportunity with current TM13 zoning which allows for mix-use building.
98 HOLLAND AV, Ottawa K1Y 0X6
Listed at $1,350,000 MLS#1189069
Lot Size; 50 Feet x 100 Feet
Zoning: TM13 - Mix Use Potential Redevelopment
Total Income: $73,252.20
Total Expenses: $$14,129.81
Net Operating Income: $59,122.39
Attention investors. Rare opportunity to own a Fourplex with an incredible location in Hintonburg! The Property currently has two- 2 bedroom units and two- 1 bedroom units which are fully rented to great tenants and the TM13 zoning allows for multiple possibilities for expansion or redeveloping with mixed use possibilities. The property has potential for increased income by increasing to market rents in the future. Great Income, Low expenses and a Cap Rate of 4.3% makes this a great asset to add to your investment portfolio or you could live in one unit and rent the rest. This gem is close to the Civic Hospital, Tunney’s Pasture and everything Hintonburg and Westboro have to offer! Public Transit is close by including LRT access!
Please contact for more information, rent roll and proposed site development plan.
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