309 CYR AVENUE

$1,250,000

3404 - Vanier, Ottawa, Ontario

  • 8 beds
  • 5 baths
Commercial · Multi-familyType
5Parking
Baseboard heaters, ElectricHeating
NoneCooling
163Days on market

About this property

Prime Investment Opportunity in Ottawa Turnkey 5-Plex with Excellent Returns: Welcome to 309 Cyr Avenue, an exceptional chance to secure a fully tenanted, income-producing 5-unit property in a desirable Ottawa neighbourhood. Whether you’re an experienced investor or looking to grow your portfolio, this asset delivers reliable cash flow today with strong upside potential. This well-maintained 5-plex offers a versatile mix of spacious, updated units occupied by quality tenants. The exterior has been recently renovated, boosting curb appeal and minimizing capital expenditures in the years ahead. Inside, with room to further enhance rents and maximize income, this property has much upside potential. With steady income in place and under-market rents, this property is perfectly positioned for a new owner to unlock additional value through strategic updates and rental increases over time. Key Features: Five fully rented units with strong tenancy history; Newly renovated exterior low maintenance for years to come; Excellent location close to schools, transit, shopping, and Ottawas downtown core;; Opportunity to increase revenues and build long-term equity This is your chance to acquire a turnkey multi-unit property in one of Ottawas most robust rental markets. Properties of this calibre and income potential rarely become available. Don’t wait, schedule your private tour today and see everything 309 Cyr Avenue has to offer! Contact the listing agent for full financial statements, rent rolls, and to arrange a confidential viewing. (id:45603)

Property details

Interior

Bedrooms
8
Bedrooms above grade
8
Bathrooms
5
Storeys
2
Basement
Full
Appliances
Washer, Refrigerator, Stove, Dryer, Hood Fan

Exterior & parking

Structure type
Other
Architectural style
[]
Lot size
64 x 96 FT
Parking spaces
5
Parking features
No Garage
Exterior features
Brick, Aluminum siding

Building & HOA

Heating
Baseboard heaters, Electric
Cooling
None

Financial & legal

List price
$1,250,000
Annual taxes
$8,759
Status
Active
MLS® number
X12905856

Location

City
Ottawa
Neighbourhood
3404 - Vanier
Province
Ontario
Postal code
K1L7N6
Directions
Cross Streets: Montreal Road. ** Directions: Turn left on to Montréal Rd/Ottawa 34, Turn right on to Cyr Ave.

Room details

RoomLevelDimensionsFeatures
Living roomMain level3.35 x 2.13 meters
BathroomMain level2.44 x 1.53 meters
Laundry roomBasement4.3 x 2.77 meters
DenBasement3.97 x 2.77 meters
Living roomMain level2.76 x 4.59 meters
Dining roomMain level2.45 x 2.76 meters
KitchenMain level2.29 x 2.44 meters
BedroomMain level3.36 x 3.06 meters
BathroomMain level2.74 x 3.36 meters
Bedroom 2Second level3.67 x 4.9 meters
Living roomMain level4.59 x 3.05 meters
KitchenMain level2.13 x 3.38 meters
Dining roomMain level2.45 x 4.28 meters
KitchenMain level2.44 x 2.44 meters
BathroomMain level2.75 x 3.35 meters
BedroomMain level2.75 x 3.67 meters
DenMain level3.38 x 2.45 meters
Living roomSecond level3.69 x 3.38 meters
BedroomMain level3.35 x 2.44 meters
Dining roomSecond level1.84 x 2.44 meters
KitchenSecond level3.69 x 3.06 meters
BathroomSecond level1.52 x 2.16 meters
BedroomSecond level3.66 x 3.96 meters
Bedroom 2Second level3.66 x 3.38 meters
Bedroom 2Main level3.35 x 3.05 meters
BathroomMain level2.44 x 2.13 meters
DenBasement4.27 x 3.35 meters
Laundry roomBasement2.74 x 2.13 meters
Living roomMain level5.82 x 2.74 meters
KitchenMain level1.86 x 3.67 meters
BedroomMain level2.77 x 3.67 meters

Mortgage calculator

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).