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253-259 YORK STREET
Lower Town Ottawa K1N 5T9

$17,950,000
Multi-family

Main Photo: 253-259 YORK STREET, Ottawa
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
1391163
Discover opportunity with this 38-unit (37-res, 1-comm) portfolio that offers tremendous upside: 16-unit development ready with site plan and zoning approval, 14 vacant suites ready for renovation and further units turning over Sep’24. Projected NOI $831,303 with significant room to grow with future development. Drive increased revenue through immediate renovations to 14 strategically vacant units ready for your vision. An additional 14 units are slated for turnover in September 2024 which. Necessary approvals obtained, you are ready to add 16 units, including 2 two bedroom and 14 studio suites. With a diverse unit mix, high demand location, and clear pathways for value enhancement, this portfolio promises stable cash flow and substantial returns. The complete vision of York and Nelson is yours to create. Development documents available upon request. All units have individual hydro meters. Financials and full building tour available upon conditional sale. (id:2493)
Property Type:
Multi-family
Transaction Type:
For sale
Zoning:
R4UD[2923]-c
Ownership Type:
Freehold
Property Management Company:
na -
Community:
Lower Town
Cooling:
Unknown
Exterior Finish:
Vinyl
Fireplace:
No
Foundation:
Block
Heating:
Hot water radiator heat, Radiant heat
Heating Fuel:
Natural gas
# Storeys:
3.0
Water:
Municipal water
Sewer:
Municipal sewage system
Lot Frontage:
132'
Acreage:
No
Lot Size:
132.06 ft X * ft (Irregular Lot)
Lot Details:
132.06 ft X * ft (Irregular Lot)
Total Parking Spaces:
8
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Listed by SLEEPWELL REALTY GROUP LTD
Data was last updated June 17, 2024 at 03:45 AM (UTC)
Area Statistics
Listings on market:
161
Avg list price:
$1,399,900
Min list price:
$459,000
Max list price:
$17,950,000
Avg days on market:
43
Min days on market:
2
Max days on market:
282
Avg price per sq.ft.:
$586.98
These statistics are generated based on the current listing's property type and located in Ottawa. Average values are derived using median calculations.
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