109 LAVERGNE STREET, Ottawa, Ontario, CA

Property Overview

Calling all investors & savvy owner-occupiers! Outstanding investment opportunity in a sought-after, walkable and village-like location steps to Beechwood Village where cafés, bakeries, restaurants, specialty grocers, pharmacies, salons, shops and everyday conveniences create an exceptional urban lifestyle. Enjoy proximity to parks, schools, green spaces & the scenic Rideau River Eastern Pathway for cycling, running and relaxing walks, plus quick access to Stanley Park & the peaceful paths of Beechwood Cemetery. Commuting is unbeatable with well-connected transit along Beechwood Ave, pedestrian-friendly routes, designated cycling lanes & fast access to downtown Ottawa in under 10 min by car or bus. This solid brick triplex with FOUR self-contained aparts is fully rented to happy, reliable long-term tenants generating $60,624/yr, or choose to live in 1 unit & rent the others to accelerate your financial goals through smart income-producing ownership in a prime location. Layout includes 2 spacious 3-bedrm units + 2 well-designed aparts created from the 2nd floor (2022): a bright 1-bedrm in 2A & a 2-bedrm in 2B, all with laundry facilities. Features: 4 hydro meters (tenants pay own hydro except 2A & 2B), 4 fridges, 4 stoves, 3 washers, 1 washer-dryer combo, 2 dryers & 1 freezer, with mostly hardwood & ceramic floors (some lino). Owner invested over 110K in improvements: 3 new intercom systems, exterior auto-lighting, vents, updated/added baths & kitchen(s), entire ceiling in Apt 3 redone; natural gas, 3 owned HWT, hot water boiler pressure tank & pump (2011) serviced 2025; electrical upgrades in 2012 (circuit breakers all levels) & 2022; roof 2001 (tar & gravel w/white membrane) inspected & caulked 2013 & 2017; PVC windows & front/side doors replaced 2022 (except 2-3). Double detached garage (20 x 23) could provide additionnal rental potential + 2 sheds. Survey 2022. All invoices for upgrades, N1's, survey 2022, income & expenses avail upon request. Easy to show. (id:51532)

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