This property is a jewel in the rough, conveniently located in the eclectic, and redeveloping neighbourhood of Old Ottawa East!! It is located in a safe, and much sought-after residential area that borders many of the hippest neighbourhoods of town: three streets to the east is the Flora footbridge across the Rideau Canal to the Glebe; to the south is Old Ottawa South and Carleton University; to the east is the Ottawa Hospital and the Trainyards shopping plaza; and to the north is the University of Ottawa and the scenic downtown area. For this reason, the area is undergoing revitalization, making this one investment opportunity Investors will want to take advantage of!! To keep the home as it stands will require substantial cosmetic upgrading, but doing so will yield a promising profit. A more promising option, however, is that this property could be torn down or revamped for an extraordinarily strong ARV (Buyer to verify); a rebuilt house on the next block is currently listed for $1,699,000. Don’t miss this!!
We are selling our assignable purchase contract.
Closing is August 14th, 2021