Active

253-259 YORK STREET

Ottawa Ontario, K1N5T9

$17,950,000


Active

Residential

 Courtesy of SLEEPWELL REALTY GROUP LTD 

Discover opportunity with this 38-unit (37-res, 1-comm) portfolio that offers tremendous upside: 16-unit development ready with site plan and zoning approval, 14 vacant suites ready for renovation and further units turning over Sep'24. Projected NOI $831,303 with significant room to grow with future development. Drive increased revenue through immediate renovations to 14 strategically vacant units ready for your vision. An additional 14 units are slated for turnover in September 2024 which. Necessary approvals obtained, you are ready to add 16 units, including 2 two bedroom and 14 studio suites. With a diverse unit mix, high demand location, and clear pathways for value enhancement, this portfolio promises stable cash flow and substantial returns. The complete vision of York and Nelson is yours to create. Development documents available upon request. All units have individual hydro meters. Financials and full building tour available upon conditional sale. (id:41202)

1391163

MLS ID

July 16, 2024

Updated

Map

253-259 YORK STREET
Ottawa Ontario, K1N5T9

Interior Features

Total Stories

3


Fireplace

No


Cooling

Yes


Cooling Description

Unknown


Heating

Yes


Heating Description

Hot water radiator heat, Radiant heat, Natural gas

Exterior/Building Features

Sewer

Municipal sewage system

Other Property Details

Garage

No


Parking Total

8


View

No


Pool

No

Courtesy of SLEEPWELL REALTY GROUP LTD

The trademarks MLS®, REALTOR®, and the associated logos are owned or controlled by The Canadian Real Estate Association. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association

©2024 Canadian Real Estate Association.  All rights reserved.

 

Powered byLuxury Presence