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540 St Lawrence Street Winchester, Ontario K0C 2K0

Heat Pump, Radiant Heat

$1,250,000

Investment Opportunity: 6-plex in Winchester with a 7.7% cap rate. Prime location, short walk to the hospital. Mix includes 1x3-bed, 2x2-bed, and 3x1-bed units. Tenants cover expenses, excluding heat. Individually metered units. Efficient heating via a reliable boiler system. High rental demand ensures strong income. Well-maintained with upgrades like new windows ('16), communal hot water tank ('19), main water pump for heat ('23) and eavestrough on the extension ('23). Safety features include fire-retardant basement ('16) and a fire monitor panel ('16). Apartments have all been renovated in last 5 years. This is one of very few properties in Ottawa and surrounding with green cashflow after mortgage. Payment Structure: Downpayment - $250,000 - Mortgage payment - $6586/Mth @ 7%- Property Income $8057.83/mth - After everything paid you will profit $1471.83 / MTH free and clear or $17662/year clear! (id:47153)

Property Details

MLS® Number 1365845
Property Type Multi-family
Neigbourhood Winchester
Parking Space Total 10

Building

Constructed Date 1890
Exterior Finish Brick, Siding
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Heat Pump, Radiant Heat
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 209 Ft ,5 In
Size Frontage 99 Ft ,8 In
Size Irregular 99.66 Ft X 209.44 Ft (irregular Lot)
Size Total Text 99.66 Ft X 209.44 Ft (irregular Lot)
Zoning Description Residential

https://www.realtor.ca/real-estate/26187972/540-st-lawrence-street-winchester-winchester

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