255 FRECHETTE STREET

Vanier North Ottawa K1L 7T3

Spanning a generous 600.42 sq m R4-zoned lot, this well-maintained fourplex stands at the forefront of Vanier North' rapidly gentrifying landscape. Strategically situated just two blocks from Beechwood Avenue, residents enjoy easy access to a vibrant array of restaurants, shops, and amenities. The property boosts an abundance of parking, a rear patio, 4 storage lockers, and a shed. With the annual revenue of $63,972 (see rep remarks for pending increases) and manageable operating costs of $20,427, this investment offers substantial and consistent returns. Diverse unit mix (batchelor-3 bedrooms), reliable tenants and good community spirit. The neighbourhood has witnessed a surge in new constructions. The property lot has substantial development potential, further enhanced by new provincial regulations. It is potentially feasible to add four additional units to the existing fourplex; buyer to verify. Viewings: Wed, Thu, Sat 4-6 pm, 48-hr notice. (id:2493)