154-156 Dagmar Avenue, Ottawa, Ontario K1L 5T2

Listed for:
$1,524,900
6 beds
6 baths
Listed 14 days ago
Other for rent: 154-156 Dagmar Avenue, Ottawa, Ontario K1L 5T2

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About

Cross Streets: Dagmar and Hannah. ** Directions: Vanier Parkway to Deschamps, left on Hannah, left on Dagmar. From Beechwood, go down Marier to Hannah to Dagmar. Turn-key and tenant-ready, this well-maintained 6-unit property - all 1-bed, 1-bath layouts - is now available at a newly reduced price. With a strong 6% cap rate and NOI just over $93,000 annually, 154-156 Dagmar offers investors a rare combination of stability and upside, right on the border of desirable Beechwood. Every unit has been thoughtfully updated, and major systems are in excellent condition - meaning less maintenance headache and more predictable returns from day one. The uniform 1BR/1BA unit mix simplifies management and appeals to a steady pool of renters, while a history of minimal vacancy speaks to the property's consistent demand and reliable cash flow. Whether you're growing your portfolio or making your first move into multifamily, this is an opportunity that checks the boxes: strong income, low turnover, a sought-after Beechwood-adjacent location, and a price point that just got more attractive. ey features include: master key system for efficient access (no need for multiple keys), smart thermostat control, allowing for remote management via mobile app, long-time property manager in place if you wish to continue with them. Roof (2011), windows (2012), HWT (2016). Financial highlights: Gross income $116,160, Operating expenses: $23,022, Net Operating Income (NOI): $93,138. Utilities: tenants pay their own hydro; landlord covers heat, water, and common area electricity. Some photos are virtually staged. (id:27476)

Property Highlights

MLS® Number
X13514378
Type
Multi-family
Community Name
3402 - Vanier
Land Size
33 x 89.9 FT

Building

Building Type
Other
Storeys
3.00
Square Footage
2500 - 3000 sqft
Bathrooms Total
6
Bedrooms Above Ground
6
Bedrooms Total
6
Exterior Finish
Vinyl siding
Fireplace Present
No
Basement Type
N/A (Other, See Remarks)
Basement Features
Building Heating Type
Radiant heat
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
SUTTON GROUP - OTTAWA REALTY
MLS® number:
X13514378
Agent:
Colin Zappia
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