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60 Cobourg St, Ottawa, ON

Name: 60 Cobourg St, For Sale in Ottawa - eXp Realty
Brand: CAPITAL COMMERCIAL INVESTMENT CORP.
SKU: X13044652
Price: 6799000 CAD

House

For Sale

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MLS® X13044652

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size 19450 sqft

Garage None

Taxes $52,967

Days Active 0

Lot Size

Approx. Age

Avg. Price Per Sqft $349

MLS® Number X13044652

Property Address: 60 Cobourg St, Ottawa, ON, K1N8G8

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to an exceptional investment opportunity in one of downtown's most sought-after rental neighbourhoods, Lower Town. This impeccably maintained 26-unit building offers bright, spacious apartments, a strong and established tenant-base with consistent occupancy, strategic building upgrades, and valuable R5 H(18) F(2.0) zoning. Located prominently at the corner of Clarence Street East and Cobourg Street, 60 Cobourg Street comprises 22 apartment units in the main building, along with four townhouse-style units featuring private entrances on Clarence Street East. All 26 units were comprehensively upgraded in 2011, featuring a cohesive design with hardwood flooring and matching kitchens equipped with dishwashers, with the roof, windows, electrical and domestic plumbing also fully replaced in 2011. The common hallways are designed to blend the building's original character with an elevated, upscale aesthetic. Updated hallways feature fresh paint, LED lighting, and tasteful artwork, creating a warm and welcoming atmosphere for residents. The property is ideally situated just steps from the many amenities of Rideau Street, a short walk to the University of Ottawa campus, and directly serviced by public transit at the front door. MacDonald Gardens Park is located directly across the street, an ideal green space for tenants, further enhancing the appeal of the location.Thanks to its prime setting and meticulous upkeep, the property has historically re-rented easily and efficiently to qualified applicants, primarily young professionals; resulting in a consistently fully-tenanted rent roll. The unit-mix includes two bachelor units, seven one-bedroom units, six one-bedroom plus den units, ten two-bedroom units, and one three-bedroom unit. Additional features include three newer card-operated stackable laundry machines, providing tenants with the convenience of on-site laundry while generating reliable income for the owner. Attractive upside potential on current rent roll.Show Description

MLS® NumberX13044652

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNone

Approx. Age

Basement

DrivewayGarage Type:None

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