203-205 MARIER AVENUE, Ottawa, Ontario

22 Beds 8 Baths

$2,200,000

Listing ID: X13869198 Property Type: Multi-family

Visit the REALTOR website for further information about this Listing. Seven rental units in two buildings near Beechwood Avenue in east-central Ottawa. The location offers access to Montfort Hospital, downtown, the University of Ottawa, ByWard Market, and Highway 417. The area is very popular with young professionals and students. 203 Marier is a fully rented triplex with three two-bedroom, one-bathroom units. It has five exterior storage lockers and coin-operated laundry in the basement. Updates include windows (2019), pavement and exterior cladding (2023), and the roof (2026). Two units are furnished. The boiler and hot water tanks are owned. 205 Marier is a fully rented fourplex with one two-bedroom, one-bathroom unit; one two-bedroom, two-bathroom unit; and two one-bedroom, one-bathroom units. Updates include windows and the roof (2019), and pavement and exterior cladding (2023). The furnace and hot water tank are rented from Enercare. Approximate annual gross income is $157,800. Projected net operating income is approximately $122,000, which represents a 5.5% cap rate at the asking price. The properties are offered as-is. Easy Street Services manages the properties and is willing to continue, subject to an agreement with the buyer. Reported CM1 zoning may allow future development. (id:25961)

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Details

Equipment: Water Heater, Furnace
Parking Spaces: 5
Rental Equipment: Water Heater, Furnace
Transaction: For sale
Zoning Description: R4E-c

Building

Appliances: Furniture
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 10
Bedrooms Lower Level: 12
Cooling: Central air conditioning
Exterior Finish: Stucco, Vinyl siding
Fireplace Present: False
Foundation: Concrete
Bathrooms (Total): 8
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 3500 - 5000 sqft
Stories Total: 2
Type: Other
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 80 ft
Size Irregular: 80 x 114 FT

Listing provided by EASY LIST REALTY LTD.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 203-205 MARIER AVENUE in Ottawa Ontario. It was last modified on October 6th, 2026. Contact Tim McLean to schedule a viewing or to discover other Ottawa homes for sale.

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