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FAIZ VERSEY

BROKER

253-259 YORK STREET
Ottawa, Ontario K1N5T9

$17,950,000

253-259 YORK STREET
Discover opportunity with this 38-unit (37-res, 1-comm) portfolio that offers tremendous upside: 16-unit development ready with site plan and zoning approval, 14 vacant suites ready for renovation and further units turning over Sep’24. Projected NOI $831,303 with significant room to grow with future development. Drive increased revenue through immediate renovations to 14 strategically vacant units ready for your vision. An additional 14 units are slated for turnover in September 2024 which. Necessary approvals obtained, you are ready to add 16 units, including 2 two bedroom and 14 studio suites. With a diverse unit mix, high demand location, and clear pathways for value enhancement, this portfolio promises stable cash flow and substantial returns. The complete vision of York and Nelson is yours to create. Development documents available upon request. All units have individual hydro meters. Financials and full building tour available upon conditional sale. (id:25961)

Unknown Hot water radiator heat Radiant heat

Virtual Tour
Cooling Type Unknown
Heating Type Hot water radiator heat, Radiant heat
Heating Fuel Natural gas
Stories Total 3
Courtesy of SLEEPWELL REALTY GROUP LTD

Listed on: May 17, 2024

On market: 50 days

GALLERY

  • 253-259 YORK STREET Ottawa
  • 253-259 YORK STREET Ottawa
  • 253-259 YORK STREET Ottawa
  • 253-259 YORK STREET Ottawa
  • 253-259 YORK STREET Ottawa
  • 253-259 YORK STREET Ottawa
  • 253-259 YORK STREET Ottawa
  • 253-259 YORK STREET Ottawa
  • 253-259 YORK STREET Ottawa
  • 253-259 YORK STREET Ottawa
  • 253-259 YORK STREET Ottawa

Get In Touch with Faiz

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ADDRESS:

Faiz Versey

Broker

CPA, CA, CIM, FCSI®


Cell: +1 (343)-998-8370

Office: +1 613-725-1171

Fax: +1 613-725-3323

Toll Free: 1-800-307-1545

Royal LePage Team Realty

1723 Carling Ave.

Ottawa, Ontario Canada K2A 1C8

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