Christine Cheng Realty

X12706774

Price:

$1,640,000 For Sale

MLS® No:

X12706774

Community:

4102 - Ottawa Centre

Address:

698 COOPER STREET, Ottawa, Ontario, Canada, K1R6C6

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Features

Approximate Square Footage:

3200 sqft

Heat Source:

Natural gas

Heat Type:

Forced air, Radiator

Central AC:

Fully air conditioned

Fire Place:

Exceptional mixed-use fourplex prominently positioned on the corner of Cooper and Percy in the heart of high-demand Centretown. This income-generating asset features three residential units (one 3-bedroom, one 2-bedroom, and one 1-bedroom) plus a street-level commercial space currently leased to a barber shop until the end of 2027. The main floor offers excellent flexibility, currently configured as a three-bedroom residential unit with full basement alongside the commercial storefront. The second floor includes two well-appointed apartments, each with access to its own rooftop space and common washer/dryer. Residential units 1, 2 & 3 were renovated in 2021, with a new roof and new windows (3-bedroom unit) completed the same year. All appliances, light fixtures, HWT, and A/C units are included. Current rents: Barbershop approx. $35, 670/year; 2-bedroom $23, 400/year; 1-bedroom $19, 680/year; 3-bedroom was recently owner-occupied (previously rented at $3, 100/month) and is now vacant. Residential Neighbourhood Commercial zoning (R4UD (478) - C); buyer to complete due diligence regarding zoning and permitted uses under Ottawa zoning by-laws. Located steps to public transit and within walking distance to shops, restaurants, Chinatown, Little Italy, Lebreton Flats, and directly across from the Rideau Curling Club. A high-visibility corner property primed for growth-ideal for investors seeking stable income, value-add potential, or an owner-occupier opportunity. Check out our video tour. (id:5856)

Listing Contracted With: DETAILS REALTY INC. (Independently Owned & Operated)

All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.

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