40 Vaughan St, Ottawa, ON, K1M 1X1

$1,100,000

“Ninety percent of millionaires become so through owning real estate.”. This fantastic triplex is located in one of Ottawa’s true blue-chip neighborhoods and delivers unmatched wealth building potential for new and seasoned investors alike. The three large and bright 2 bedroom units in this exceptionally well maintained property effortlessly attract A+ tenants. The top floor apartment will be vacant on closing, providing a perfect opportunity for the new owner to live in one of the best neighborhoods in Canada’s hottest real estate market while also collecting rent. Looking farther ahead, the lot was just rezoned and now allows for the development of an 8 unit low-rise building. A cash cow in the making, investment opportunities of this quality and upside don’t come around often so act fast! Fire retrofit certificate, 30 year proforma and building inspection are available. 24h irrevocable on all offers from time of receipt.

Directions:417 to Vanier Parkway Exit. Vanier Parkway toward Beechwood Ave. Vanier Parkway becomes Crichton. Right on Vaughan St.

General Description

StatusConditional
ML Number1235211
Type of DwellingTriplex
District/Neighbourhood #3302- Lindenlea
Neighbourhood NameNew Edinburgh
Fronting OnEast
Lot Size39.99 x 100
Zoning Code City Of OttawaRESIDENTIAL - Residential Fourth Density (4)
Zoning DesignationR4-UC
Legal DescriptionPT BLK A, PL 237700 , AS IN N296032 ; OTTAWA/GLOUCESTER ; SUBJECT TO EXECUTION 94-074658, IF ENFORCEABLE. ; SUBJECT TO EXECUTION 95-080862, IF ENFORCEABLE. ; SUBJECT TO EXECUTION 96-084518, IF ENFORCE

Features

Age DescriptionUnknown
Number of Storeys2
Number of Covered Spaces0
Total Parking4
Parking DescriptionSurfaced
Fire RetrofitYes
Number of Hydro Meters3
Tenant PaysCable, Electricity, Hot Water Tank Rental
Exterior FinishBrick
FoundationBlock
Roofing TypeAsphalt Shingle, Other (See Remarks)
Basement DescriptionFull
Basement DevFully Finished
Floor CoveringsHardwood, Tile
Features Equipment IncludedWindow Blinds
Number of Stoves3
Number of Refrigerators3
Number of Washers Dryers2
Site InfluencesBalcony, Fully Serviced
Neighbourhood InfluencesPlayground Nearby, Public Transit Nearby, Recreation Nearby, Shopping Nearby
ExclusionsTenant belongings
Rental Equipment3 hot water tanks

Utility Information

Heat DescriptionRadiant
Heating FuelNatural Gas
Air Conditioning DescriptionWindow Unit
Water SupplyMunicipal
Sewer TypeSewer Connected
Number of Fireplaces0