277 Arlington Avenue

Description

Situated in Ottawa's sought-after Centretown West community, this character filled triplex blends historic charm w/ modern functionality, ideal for investors seeking strong income potential. Built in 1910 & set on a 31' x 99' lot, this R4S-zoned property has undergone many updates incl. 2nd Level Unit (Renovated 23'), 2nd & 3rd lvl wall unit AC installed in (23'), furnace (21'), Main Level with Basement unit (Fully Renovated 21') & roof (08'). Each unit has been well-maintained, feat. vinyl or laminate flooring, upgraded kitchens + bathrooms & in-unit laundry. The spacious main lvl unit (3 bed, 2 bath) spans two levels, fully renovated in 21' & w/ a renovated main level separate shower (Nov 25'), is a stunning unit to see & offers access to the sunroom & backyard. Rented for $2,505 + 1 parking spot. The second level unit (2 bed, 1 bath) was fully renovated in 23' & showcases a quartz kitchen, covered balcony & modern finishes + 1 parking spot- currently vacant, projected market rent of $2450. The top lvl unit (1 bed, 1 bath,) offers an open layout, large bedroom & access to a fire escape. Rented for $1,470 (no parking included). Motion lighting for staircase to 2nd & 3rd Lvl. Exterior highlights incl. a detached garage (currently storage), landscaped yard & 2 legal parking spots ( w/ potential for 3 more spaces with roof modifications). Monthly rental income: $6,425. Yearly: $77,100. Upswing potential still & shows very well. Located steps to Bank St., Chinatown, Little Italy & the Glebe, enjoy the best of urban Ottawa w/ so many unique stores & restaurants in the immediate area & beyond. Just steps away to local faves like Arlington Five, Red Apron & Flora Hall Brewing or enjoy nearby recreation at McNabb Park, Lansdowne & the Rideau Canal. Quick transit (#14 & #85) or easy access to Hwy 417 make commuting a breeze. A prime opportunity to own a turn-key triplex in one of Ottawa's most vibrant neighbourhoods, great for any lifestyle & an amazing opportunity.