TURNKEY PRE-CONSTRUCTION 10-UNIT INVESTMENT WITH $600K BUILT-IN EQUITY. Secure a brand-new, purpose-built rental property at 257-259 Bradley Ave before completion and capitalize on immediate upside. Listed at $4,200,000 with a recent "as-complete" appraisal of $4,800,000, this rare offering delivers exceptional day-one value and a strong projected 5.2% cap rate. Bypass years of holding costs, municipal red tape, and construction management; this hands-off asset will be delivered fully constructed and ready to lease. Designed for maximum cash flow and premium tenant attraction, the building features a highly desirable, family-friendly mix of two spacious 4-bedroom units, four 3-bedroom units, four 2-bedroom units, and four parking spots in front of the building. Walk-out suites ideal for short-term rental, potential to add 4 additional units. Located on a 65.92' x 94.66' lot just minutes from downtown Ottawa, the vibrant Beechwood Avenue corridor, rapid transit, and top-tier schools. This is an unmatched opportunity for investors to acquire a premium, high-density asset in a fast-evolving neighbourhood with immediate equity and lucrative foundational returns. (id:15069)
| MLS® Number | X13561168 |
| Property Type | Multi-family |
| Community Name | 3402 - Vanier |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 94 Ft ,6 In |
| Size Frontage | 65 Ft ,11 In |
| Size Irregular | 0.14326 |
| Size Total | 0.1433 Ac |
| Size Total Text | 0.1433 Ac |
| Zoning Description | R4ua |
https://www.realtor.ca/real-estate/30030435/259-257-bradley-avenue-ottawa-3402-vanier
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