$1,699,000
329 Richelieu Avenue, VanierandKingsviewPark, ON K1L 6J7
3404 - Vanier, Vanier and Kingsview Park,
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Perfect turn-key investment opportunity in a prime location just minutes from downtown Ottawa and the University of Ottawa! This fully rented, well-maintained corner property features seven bright and spacious units: 4 two-bedrooms, 2 one-bedrooms, and 1 bachelor making it an ideal addition to any investor's portfolio. The building is in excellent condition with high-quality tenants and strong rental income. Units 1 and 2 were fully renovated in April 2024, while Units 3 and 6 were updated within the past few years. The remaining units are also in very good condition. Common areas include coin-operated laundry and a rear patio for tenant enjoyment. Major upgrades include a high-efficiency gas hot water boiler furnace (2018) and main sewer line replacement (2021) from the basement to the city connection. Walking distance to transit, shopping, restaurants, and everything this vibrant community has to offer, this property is a smart and reliable investment.
- HoldoverDays: 30
- Property Type: Commercial
- Property Sub Type: Investment
- Directions: East on Montreal Road, Left Mona Avenue, Building on corner of Mona and Richelieu
- Tax Year: 2024
- Cooling: No
- HeatType: Gas Hot Water
- Building Area Total: 3620
- Building Area Units: Square Feet
- Parcel Number: 042390147
- LotSizeUnits: Acres
- LotDepth: 89.06
- LotWidth: 42.45
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