206 Blackburn Avenue, Lower Town - Sandy Hill, ON K1N 8A8
Lower Town - Sandy Hill, ON K1N 8A8
About this property
NET ALMOST $100K PER YEAR - 6.2% CAP RATE! Exceptional investment opportunity - 10 BEDROOM/3,200+ sq. ft. FULLY RENOVATED DUPLEX in the heart of Sandy Hill! Each unit features 5 bedrooms, and in-suite laundry, providing excellent rental income. The upper unit offers 3 full bathrooms, while the lower unit includes 2 full bathrooms, making both layouts highly desirable for student living. Both units are finished with modern stainless steel appliances, updated kitchens, luxury vinyl plank flooring throughout (with hardwood flooring in the main living areas of Unit 1), and stylish tiled bathrooms. A substantial addition completed in 2016 as well as the roof for the entire building. This renovated legal duplex is located just steps from the University of Ottawa, offering a prime location with a long history of consistent occupancy by responsible university students and virtually no vacancy concerns offering exceptional cash flow in an unbeatable location close to transit, shopping, restaurants, and all downtown amenities. Annual Gross Income: $121,200, Annual Operating Expenses: $22,739, NOI: $98,460, CAP RATE: 6.2%.
Property facts & features
- Property type
- Duplex
- MLS® number
- X13879142
- Source status
- New
- Bedrooms
- 10
- Bathrooms
- 5
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- K1N 8A8
- Parking spaces
- 2
- Garage
- None
- Lot depth (source units)
- 100
- Annual property tax
- 10202.3
- Basement
- Separate Entrance, Full, Finished
- Laundry
- Not provided
- Interior features
- Primary Bedroom - Main Floor, Carpet Free
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $1,589,000
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Explore active properties in Lower Town - Sandy Hill →Listing brokerage: AVENUE NORTH REALTY INC.. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13879142. Information deemed reliable but not guaranteed.