Our Agents' Listings

250 RUSSELL AVENUE
Sandy Hill Ottawa K1N7X5

$1,349,900
Multi-family baths: 0.0 built: 1920

Main Photo: 250 RUSSELL AVENUE in Ottawa: Multi-family for sale : MLS®# 1259152
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
1259152
Year Built:
1920
Calling all investors, contractors or anyone looking for a fall/winter project...opportunity knocks in desirable Sandy Hill! This solid concrete block building sits on an extra deep 148-foot lot with possibility to build or develop the back of the property. Proper parking lot lines could be added to the back of the property to collect additional parking fees, or its easily turned into a family backyard. Currently used as student rentals with a total of 13 rooms, this property is technically a triplex with a non-conforming 4th unit. Unit 1 is 4 bedrms. Units 2, 3 & 4 are all 3 bedrms. If the property was fully occupied the estimated annual income would be $103,020 with estimated expenses of $25,715, estimated NOI of $77,305 (estimated cap rate of 5.5%). Updates include roof 2020, all windows 2021. 24 hours' notice for showings on Tenant occupied units. Currently 11 out of 13 rooms are leased. (id:2493)
Property Type:
Multi-family
Transaction Type:
For sale
Lease Type:
Gross
Zoning:
R4UB
Community:
Sandy Hill
Building Type:
Triplex
Number of bathrooms:
0.0
Half Bathrooms:
0
Age:
101 years
Construction Style Attachment:
Attached
Cooling:
None
Fireplace:
No
Floor finish:
Carpeted, Tile, Vinyl
Heating:
Hot water radiator heat
Heating Fuel:
Natural gas
# Storeys:
3.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Full (Finished)
Basement Development:
Finished
Current Use:
Development residential
Lot Frontage:
33'
Lot Depth:
148'
Acreage:
No
Lot Size:
33.01 ft X 148 ft
Lot Details:
33.01 ft X 148 ft
Total Parking Spaces:
6
Parking Type:
Surfaced
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Listed by EXP REALTY
Data was last updated October 25, 2021 at 11:15 AM (UTC)
Area Statistics
Listings on market:
72
Avg list price:
$1,210,000
Min list price:
$549,900
Max list price:
$10,950,000
Avg days on market:
45
Min days on market:
2
Max days on market:
187
Avg price per sq.ft.:
$368.11
These statistics are generated based on the current listing's property type and located in Ottawa. Average values are derived using median calculations.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.