108 King Edward Avenue Ottawa, Ontario K1N 7K8

None Forced Air


A well-maintained, steady income-generator in a central location that consistently attracts respectful, long-term tenants. 2022 brought in a predictable $77,916 Gross resulting in, after expenses, an attractive 4.6% CAP rate. Directly across from beautiful Bordeleau Park, the property is a short walk to the Byward Market and the city centre, ensuring consistent demand for its apartments, as well as two parking spots in the detached carport. The main floor is the building's original 'signature' unit, a 1bed+den renting for $1925, including electricity. An attractive, newly-built, two bed basement apt rents for $1900, furnished, and including electricity. The upper floor consists of two 1bed apts, renting for $1670 and $1505, both plus electricity. Included in the sale: all appliances, furnishings for the basement apt and garden equipment. Other features: modern windows, upgraded electrical panel and furnace, and consistent maintenance to the building's roof and entry. (id:19849)

Property Details

MLS® Number 1337661
Property Type Multi-family
Neigbourhood Lower Town
Amenities Near By Public Transit, Recreation Nearby, Shopping, Water Nearby
Parking Space Total 2


Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1940
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Brick, Siding
Flooring Type Mixed Flooring
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Fourplex
Utility Water Municipal Water




Acreage No
Current Use Development Residential
Land Amenities Public Transit, Recreation Nearby, Shopping, Water Nearby
Sewer Municipal Sewage System
Size Depth 99 Ft
Size Frontage 24 Ft
Size Irregular 24.02 Ft X 99 Ft
Size Total Text 24.02 Ft X 99 Ft
Zoning Description Res-333 Triplex



Contact us for more information

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Ryan Rogers

(613) 282-2077

Grape Vine Realty Inc.
48 Cinnabar Way
Ottawa, Ontario K2S 1Y6

(613) 829-1000
(613) 695-9088

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