ON
Ottawa
K1Z6L9
978 Admiral Avenue
978 Admiral Avenue, Ottawa, ON K1Z6L9
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Listing Type
Single Family
Listing Status
Active
28
$599,900

Home Details for 978 Admiral Avenue

Price
$599,900
Type
Residential
Bedrooms
2
Total Bathrooms
2
Listing #
X13446582
Property Description

Fully rented and generating immediate cash flow, this turnkey investment property features two self contained 1 bedroom, 1 bathroom units, with Unit A rented for $1,950/month and Unit B rented for $1,800/month, providing stable income from day one. Beautifully renovated and meticulously maintained, this versatile property offers exceptional value and long term potential in one of Ottawa's most connected and sought after neighborhoods. Designed to appeal to today's tenants, both units have been thoughtfully updated, minimizing future maintenance and maximizing rental appeal. Beyond the current income stream, new zoning bylaws may present future development opportunities, making this not only a strong cash flowing asset but also a strategic long term investment. Professionals and healthcare workers are consistently drawn to the unbeatable location, just steps from the Civic Hospital and the iconic Experimental Farm. Commuting is effortless with quick access to Highway 417, while nearby cycling paths and green spaces support an active urban lifestyle. On weekends, tenants can enjoy the vibrant cafés, restaurants, and amenities of Little Italy or spend time along the scenic shores of Dows Lake. Low maintenance, fully tenanted, and positioned in a thriving urban corridor, this is a rare opportunity to acquire a high performing Ottawa investment property with immediate income and future upside. Photos were taken prior to currents tenants. Some photos have been virtually staged. (id:31684)

Property Features
  • Heating Information
    • Baseboard
    • Electric
  • Cooling Information
    • None
Listing Courtesy: PAUL RUSHFORTH REAL ESTATE INC.
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EXIT REALTY CK ELITE, BROKERAGE
160 St. Clair Street, Chatham, ON N7M 3J5
Anne Kreitzer
License #: 5045802
Sales Representative
Office
519 351 7653
Agent
519 890 1909
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