Commercial $ 2,495,000

1549 MAXIME ST

Cyrville - Carson Grove - Pineview, ON K1B 3K9

  • - Year Built
Outstanding Multi-Family Investment with Income & Future Potential. Located in Ottawas east end, this well-maintained 6-unit apartment building offers both stable rental income and exciting long-term growth opportunities. Sitting on a generously sized 0.24-acre lot (~80 ft frontage x ~132 ft depth), the property combines strong cash flow with excellent redevelopment potential. Currently fully occupied, the building generates over $9,800 in monthly rental income (~$118,000 annual), making it an attractive turnkey investment from day one. The unit mix is highly rentable and diverse: three 2-bedroom units, two 1-bedroom units, and one bachelor apartment. Recent improvements include a new 50-year roof installed in 2018 and modern renovations in several units, reducing future maintenance concerns and enhancing tenant appeal. The property is zoned R1WW[637], unlocking possibilities for future development while maintaining immediate income stability. The location is a major asset- just minutes from Highway 417, Blair and Cyrville LRT stations, shopping centres, restaurants, and everyday conveniences. Tenants benefit from excellent connectivity, while investors gain peace of mind knowing the property is situated in a desirable and growing area. Whether you are looking to expand your multi-family portfolio, secure a reliable cash-flowing property, or position yourself for redevelopment in the future, this building checks all the boxes. A rare opportunity to invest in a strong-performing asset with both present income and future upside.
Listed by REAL BROKER ONTARIO LTD.

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Investment

    Listing Status Active

    Purchase Type For Sale

    Subdivision 2204 - Pineview

    MLS Listing ID X12378118

    Annual Tax Amount $9,178

    Tax Year 2024

    Property Sub-Type Investment

  • Location

    Province ON

    County Ottawa

    Community 2204 - Pineview

    Area Ottawa

    Zoning R1WW[637]

  • Building

    Lot Description Unknown

  • Interior

    Cooling No

  • Exterior

    Parking Features Unknown

    Community Features Major Highway, Public Transit

    Utilities Available Unknown

CONTACT

Akash Sharma
Akash Sharma

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