Purpose-Built Central Ottawa All Brick Triplex – 4 Prince Albert Street Overbrook near LRT – For Sale $739,900 –SOLD–
Here’s the perfect opportunity to grow your nest egg in this very well located purpose-built all brick triplex just a two doors from the Rideau River Parklands. With the recent foot bridge across the Rideau River to Sandy Hill and recent opening of two Light Rail Stations (LRT) within walking distance it’s just gotten that much better!
Whether you just want a turnkey investment or want to live in it while adding to your investment equity – the opportunity is here!
All the apartments are spacious and bright with windows on three sides, beautiful hardwood floors throughout with great tenants in place. The upper two units offer two good-sized bedrooms plus a living room, separate dining room, kitchen and bath. The lower unit is a large one bedroom also with living room, separate dining room, kitchen and bath.
Not very common in these type of properties, you also have a large double garage, (large enough to store two smart cars in one of them) as well as a third covered parking spot with lots of driveway left over.
Tenants pay their own hydro (4 separate meters), it also comes with good appliances in all three units, a brand new efficient boiler was installed in October 2015 as well as mostly new windows in each unit. The parking brings in extra income and there is also nearly $2000 a year extra income from the coin laundry.
Location Location! The location is superb in Overbrook between the Vanier Parkway and Rideau, at the quiet end of Rideau River Rd, just two doors in from the river parkland. You can easily walk to two just recently opened LRT stations Tremblay and Hurdman, RCMP Headquarters, Ottawa Train Station, the new walking bridge to Sandy Hill and downtown, groceries, dining, truly an amazing spot – quiet and reserved yet central!
Click the attachment below to view the property details and financials.