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109-111 Marier Avenue Ottawa, Ontario K1L 5R9

$1,190,000

Rare 3-unit investment opportunity consisting of an up-down duplex and separate retail/commercial building! The unit mix of this property includes a converted single family home of 2 x 1 bedroom apartments (one of which includes a partially finished basement with in-unit washer/dryer), plus a separate commercial building, currently being used as an automotive repair business but perfect for use as warehouse. Rectangular 40' x 100' lot provides excellent future re-development potential. Property is located in close walking distance to popular, trendy Beechwood Avenue. Upper apartment is rented below market at $1,200 utilities included. Landlord has left lower apartment vacant for showings and to provide a buyer flexibility to use or renovate as they choose. Market rent for this unit is estimated at $1,500 utilities included. Commercial building rented at $3,525 including water, property taxes and HST. Furnace in duplex replaced in 2018. Electrical panel replaced in 2016. (id:49072)

Business

Business Type Industrial
Business Sub Type Light industrial

Property Details

MLS® Number 1334746
Property Type Industrial
Neigbourhood Beechwood / Vanier North
Parking Space Total 6

Building

Constructed Date 1937
Heating Fuel Electric

Land

Acreage No
Size Depth 100 Ft
Size Frontage 40 Ft
Size Irregular 40 Ft X 100 Ft
Size Total Text 40 Ft X 100 Ft
Zoning Description R4ua-c

https://www.realtor.ca/real-estate/25406790/109-111-marier-avenue-ottawa-beechwood-vanier-north

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