203-205 Marier Avenue,Vanier and Kingsview Park, ON K1L 5R6
Vanier and Kingsview Park, ON K1L 5R6
Description
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.
Details
| MLS # | X13869198 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 17 |
| Listing Provided By | EASY LIST REALTY LTD. | X13869198 486800 |
Features
| Bed(s) | 22 |
|---|---|
| Bath(s) | 8 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.21 |
Interior
| Interior Features | None |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Rolled, Other |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Stucco (Plaster), Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Available |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 12510 |
|---|---|
| Tax Legal Description | PART OF LOT 233 PLAN 246, PART 3 PLAN 4R26801 TOGETHER WITH AN EASEMENT OVER PART OF LOT 233 PLAN 246, PART 2 PLAN 4R26801 AS IN OC1481108 CITY OF OTTAWA / PART OF LOT 233 PLAN 246, PARTS 1 AND 2 PLAN 4R26801 SUBJECT TO AN EASEMENT OVER PART 2 PLAN 4R26801 IN FAVOUR OF PART OF LOT 233 PLAN 246, PART 3 PLAN 4R26801 AS IN OC1481108 CITY OF OTTAWA |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Vanier and Kingsview Park |
| Postal Code | K1L 5R6 |
| Area | 3402 Vanier |
| Listing VS Median (in K1L 5R6) | |
Price: $2,200,000 low | high Med: $2,200,000 On site: 17 low | high Med: 0 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Vanier and Kingsview Park |
| Postal Code | K1L 5R6 |
| Area | 3402 Vanier |
| Listing VS Median (in K1L 5R6) | |
Price: $2,200,000 low | high Med: $2,200,000 On site: 17 low | high Med: 0 | |
