40 Vaughan St, Ottawa, ON, K1M 1X1

Price: $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

  • Status Conditional
  • ML Number 1235211
  • Type of Dwelling Triplex
  • District/Neighbourhood # 3302- Lindenlea
  • Neighbourhood Name New Edinburgh
  • Fronting On East
  • Lot Size 39.99 x 100
  • Zoning Code City Of Ottawa RESIDENTIAL - Residential Fourth Density (4)
  • Zoning Designation R4-UC
  • Legal Description PT 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 Description Unknown
  • Number of Parking Spaces 4
  • Number of Coverd Spaces O
  • Parking Description Surfaced
  • Fire Retrofit Yes
  • Number of Hydro Meters 3
  • Tenant Pays Cable, Electricity, Hot Water Tank Rental
  • Basement Desc Fully Finished
  • Floor Coverings Hardwood, Tile
  • Number of Stoves 3
  • Number of Refrigerators 3
  • Number of washers dryers 2
  • Site Influences Balcony, Fully Serviced
  • Exterior Finish Brick
  • Foundations Poured Concrete
  • Roofing Type Asphalt Shingle, Other (See Remarks)
  • Rental Equipment 3 hot water tanks
  • Flooring 2
  • Neighbourhood influences Playground Nearby, Public Transit Nearby, Recreation Nearby, Shopping Nearby
  • Basement Desc Full
  • Air Conditioning Window Unit
  • Utility Information

  • Heat Description Radiant
  • Heating Fuel Natural Gas
  • Air Conditioning Window Unit
  • Water Supply Municipal
  • Sewer Type Sewer Connected

Status
Conditional
ML Number
1235211
Type of Dwelling
Triplex
District/Neighbourhood#
3302- Lindenlea
Neighbourhood Name
New Edinburgh
Fronting On
East
Lot Size
39.99 x 100
Zoning Designation
R4-UC
Legal Description
PT 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
Age Description
Unknown
Number of Parking Spaces
4
Exterior Finish
Brick
Foundation
Poured Concrete
Roofing Type
Asphalt Shingle, Other (See Remarks)
Roofing Type
Asphalt Shingle, Other (See Remarks)
Rental Equipment
3 hot water tanks
Air Conditioning feature
Window Unit
Basement Desc
Full
Heat Description
Radiant
Heating Fuel
Natural Gas
Air Conditioning
Window Unit
Water Supply
Municipal
Sewer Type
Sewer Connected