Welcome to this well-located up/down duplex in the heart of Hintonburg, just steps to Wellington Street and surrounded by some of Ottawa's best restaurants, shops, and amenities. This is an ideal opportunity for investors seeking strong rental income in a high-demand area.The property features two self-contained 2-bedroom units, each with separate hydro meters and in-unit laundry. Both units are currently rented on a month-to-month basis, offering flexibility for investors or owner-occupiers. Recent upgrades (2022) include renovated bathrooms, an updated kitchen in the upper unit, and electric baseboard heating throughout. Current rents are $2,100/month for the main floor unit and $1,900/month for the upper unit, with potential for future increases in line with market rates. Situated on a generous 66 x 86.96 ft lot, the property also offers long-term upside for redevelopment in an R4 / N4B H(11) zoned area, making it an excellent hold-and-grow investment. A rare chance to own a solid income property with future potential in one of Ottawa's most desirable urban neighbourhoods. (id:4069)
Address
11 SHERBROOKE AVENUE
List Price
$1,290,000
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Bedrooms
4
Bathrooms
2
Floor Area
2000 - 2500 Sq. Ft.
Lot Size
66 x 87 FT Sq. Ft.
Lot Depth
87 ft
Frontage Length
66 ft
MLS® Number
X13518526
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
N/A (Unfinished)
Postal Code
K1Y1R8
Zoning
N4B H(11)
Parking Places (Total)
4
Appliances
Dryer, Two stoves, Two Washers, Two Refrigerators
Heat Source
Electric
Heat Type
Baseboard heaters
Cooling Features
Wall unit
Foundation Details
Stone
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
