Don't miss out on this fantastic opportunity! Explore this very large recently renovated, ready-to-go brick Triplex in vibrant Hintonburg. Comprised of 2 extremely spacious VACANT 3-bedroom units ($2,500 & $2400 conservative projected rents) & 1 convenient tenanted 1-bedroom unit(currently rented to great tenant at $1,100). Situated on a prime lot with exceptional long term development potential. This versatile Triplex offers multiple options for savvy investors. You can choose to live in one of the units & rent out the others, creating an ideal living & income arrangement. Alternatively, maintain it as a reliable long-term investment, securing your future retirement plan. **2025 ALL NEW: 2 kitchens, flooring, lighting, electrical throughout(documents available) plus, 4 separate, newly installed hydro meters so each unit plus common utilities can be separated and reduce expenses to the owner - significant savings! Excellent ROI - 5.2% cap rate(contact for full financials) with major items already taken care of and modernized. Located in one of the most sought-after areas in town, with easy access to the desirable Wellington shops & the Civic Hospital. Well maintained & cared for by the current owner. ~10 year old roof, 6 year old furnace. 1 parking space included. Don't let this opportunity slip away, call Patrick today for more!
Address
1028 Gladstone Avenue
List Price
$1,099,900
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
3-Storey
Transaction Type
sale
Area
West Centre Town
Sub-Area
4203 - Hintonburg
Region
Ottawa
Bedrooms
7
Bathrooms
3
Floor Area
2000 - 2500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
46.5
Lot Size Units
Feet
Lot Width
40
MLS® Number
X12091397
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
Full, Finished
Postal Code
K1Y 3G2
Parking Places (Total)
1
Tax Amount
$6,098.00
Tax Year
2024
Interior Features
Separate Hydro Meter, On Demand Water Heater
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick, Stucco (Plaster)
Direction Faces
South
Fireplace
No
Foundation Details
Stone
Garage Type
None
Kitchens Total
3
Pool Features
None
Roof
Asphalt Shingle
Waterfront
No
Sewer
Sewer