Please visit our Open House at 117 MAIN STREET N in Chesterville.
Open House on Sunday, June 19, 2022 2:00 PM - 4:00 PM
Attention long-term investors: Consider this turnkey 4 unit building with future potential; all packaged on a sizable & developable corner main street lot. Strategically situated in Ottawas expanding outskirts, this property combines an opportunity to capitalize on current stable cash flow with a vision for commercial/ residential development. The building offers easy admin and solid 6.30 cap rate with current management willing to stay on. Plus - 4 garages/ two workshops and a storage barn. The units are old-fashioned and have stable long-term tenants. Operating updates: HE forced air gas furnace & individual meters/ panels. Bring your focus on value and plan for long-term growth. Please allow 24 hours notice for showings. (id:2493)
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I have listed a new property at 117 MAIN STREET N in Chesterville.
Heres a unique opportunity to capitalize on cash flow, with a great location in a growing community. Amazing potential for improvement & long term investment gains. Currently 4 occupied apartments with happy, solid tenants in an established building of historic origin that has received many important basic updates. Roof type: Asphalt Shingle & Metal, Heating type: HE forced air gas & electric baseboard supplement, Electric Meters & Panels: 4. Easy to operate from a distance with management in place offering an impressive cost ratio to income stream and a Cap Rate of 6.30%. Bedroom community to both Ottawa and accessible from Montreal and New York state. Also potential for an owner to occupy & live-in to self manage. This building is perfect for investment-minded owners, local or distant, with an eye on the future for personal or business wealth management. Ask about commercial use and future expansion of this impressive piece of land. Please allow 24 hours notice for showings. (id:2493)
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