For Sale: 203-205 Marier Avenue, Ottawa, ON - REW
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$2,200,000
22 bd • 8 ba • 3500 - 4999 sf • Multifamily
203-205 Marier Avenue
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$2,200,000
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203-205 Marier AvenueOttawa, ON, K1L 5R6

Vanier North
  • 22 Bed
  • 8 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

Visit the REALTOR website for further information about this Listing. Seven rental units in two buildings near Beechwood Avenue in east-central Ottawa. The location offers access to Montfort Hospital, downtown, the University of Ottawa, ByWard Market, and Highway 417. The area is very popular with young professionals and students. 203 Marier is a fully rented triplex with three two-bedroom, one-bathroom units. It has five exterior storage lockers and coin-operated laundry in the basement. Updates include windows (2019), pavement and exterior cladding (2023), and the roof (2026). Two units are furnished. The boiler and hot water tanks are owned. 205 Marier is a fully rented fourplex with one two-bedroom, one-bathroom unit; one two-bedroom, two-bathroom unit; and two one-bedroom, one-bathroom units. Updates include windows and the roof (2019), and pavement and exterior cladding (2023). The furnace and hot water tank are rented from Enercare. Approximate annual gross income is $157,800. Projected net operating income is approximately $122,000, which represents a 5.5% cap rate at the asking price. The properties are offered as-is. Easy Street Services manages the properties and is willing to continue, subject to an agreement with the buyer. Reported CM1 zoning may allow future development. (id:63626)
Listed by: SOPHIE ALEGRA GITERMAN, Salesperson, Easy List Realty Ltd.

Home facts and features

Price details
List Price
$2,200,000
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Gross Taxes for 2026
$12,510
Home facts
Bedrooms
22
Full Bathrooms
8
Parking Spaces
5
Parking Details
No Garage
Property Type
Multifamily
Lot Size
80 ft x 114 ft (9120 ft²)
Depth
114 feet
Frontage
80.0 feet
Exterior Finish
Stucco, Vinyl siding
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Finished, Full
Appliances
Furniture
Community
Agent details
Primary Agent
Primary Broker
Easy List Realty Ltd.
Listing details
Days on REW
1 Day
MLS® Number
X13869198
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Purchase Price
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Assumption Catholic Elementary School
  • Catholic
  • JK - 6
Répit-Transit
  • Public
  • JK - 12
ÉEP Trille des Bois
  • Public
  • JK - 8
É Élém C Horizon-Jeunesse
  • Catholic
  • JK - 6
ÉEP Le Trillium
  • Public
  • JK - 6
Robert E. Wilson Public School
  • Public
  • JK - 6
St Brigid Elementary School
  • Catholic
  • JK - 6
Manor Park Public School
  • Public
  • JK - 6
Queen Elizabeth Public School
  • Public
  • JK - 8
Queen Elizabeth Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
SOPHIE ALEGRA GITERMAN
Phone:
(416) 993-1040
Office:
888-323-1998
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