Legal Duplex With A Non-Legal Basement Apartment Minutes Away From Parliament Hill!! Assigned

  • $735,000
  • 7 beds
  • 3 baths
  • 2500-2999 sqft
Assigned

A great income property in lovely Lower Town, this duplex/non-legal triplex is wonderfully located on Cathcart Street near the intersection with Dalhousie Street, a hub of downtown activity. This property has incredible walkability; it is minutes away from a panoply of fine and cultural dining options, coffee shops, boutiques, cultural, and historical sites, the Byward Market and a 20-minute walk to either the University of Ottawa campus or Parliament Hill!! The building will be vacant upon closing, and while cosmetic updating is in order, but the building is well-maintained overall, the units are separately metered, and will be ready to rent out upon some renovations and closing! This is an opportunity you will not want to miss!!

We are selling our assignable purchase contract.
Closing is November 30th, 2021
*As per our APS, the Buyer or Seller shall have the right, at any time up to 5:00 pm on the original closing date, to extend the closing date by up to 5 business days upon written notice to the other party or its solicitor. If either party exercises this option, the party extending the closing date shall pay an extension fee to the other party on closing of $200/day for each business day of the extension.*

**As per our APS, the Seller may leave personal items in the house after closing such as furniture, kitchen items, clothes, books, ect.**

PROPERTY FEATURES

  • All units will be vacant upon closing!!
  • Property code: duplex
  • 2-storeys
  • 7 bedrooms
    • 3 bedrooms are located in Unit 1
    • 3 bedrooms are located in Unit 2
    • 1 bedroom is located in Unit 3
  • 3 full bathrooms
    • 1 bathroom is located in Unit 1
    • 1 bathroom is located in Unit 2
    • 1 bathroom is located in Unit 3
  • Built in 1929
  • Above grade: 2500-2999 sq ft (as per MPAC) 
  • Basement: 1100-1499 sq ft (as per MPAC)
    • Laundry area is located in the basement at the bottom of the stairs (as per Seller) 
  • Flooring: wood, tile, vinyl
  • 2 separate 100 AMP breaker panels
    • 1 panel is located in Unit 1
    • 1 panel is located in Unit 3
  • Gas furnace is approximately 20-years-old (as per Seller)
  • Baseboard heaters can be found throughout the property, however they are not currently in use (as per Seller)
  • 2 HWT’s —  both are rented (as per Seller)
  • No central AC
  • On municipal services
  • Some windows have been replaced (as per Seller)
  • Roof was redone 12-years-ago (as per Seller)
  • 1 parking spot is located at the back of the property
    • Parking at the back of the property is shared with the neighbour (as per Seller)
  • 3 separate hydro metres
  • Lot size: 33 ft x 99 ft
  • Zoning: R4S
    • In Ottawa’s Zoning Bylaw, duplex dwellings and three-unit dwellings are both permitted in the R4 zone, as its goal is to “allow a number of other residential uses to provide additional housing choices”. So long as this property meets all of the requirements of this zoning bylaw, we believe that the basement suite could be legalized (see HERE) — Buyer to verify

UNIT BREAKDOWN
Unit 1:

  • Currently occupied by the Seller — will be vacant upon closing
  • Located on the second floor of this property
  • Has access to a balcony space that looks out over the front of the property
  • 3 bedrooms
  • 1 full bathroom
  • Kitchen (all appliances will be included, as per APS)
  • Living room
  • The 1 parking space is currently being used by the Seller in this unit
  • Separate hydro meter

Unit 2:

  • Currently vacant
  • Located on the main floor of this property
  • 3 bedrooms
  • 1 full bathroom
  • Kitchen (all appliances will be included, as per APS)
  • Living room
  • No parking is available for this unit
  • Separate hydro meter

Unit 3:

  • Currently vacant
  • Located in the basement of this property, however this apartment is not legal
  • 1 bedroom
  • 1 full bathroom
  • Kitchen and living area are together (all appliances will be included, as per APS)
  • No parking is available for this unit
  • Has its own separate entrance that leads out to the back of the property
  • Separate hydro meter

PROPERTY NEEDS

  • Cosmetic updating
**Please note: The Seller has informed us that during the period of heavy rain on October 16th, there was some water ingress through the stone foundation in the vicinity of the HWT (see HERE). They were able to spot a steady stream of water pouring out of a hole in the neighbour’s eavestrough, and that the eavestrough stream was spilling onto a flagstone that is slanted towards the house. Some walkway flagstones were also tilting towards the house. In both cases, the Seller used available sheets of corrugated metal to divert the water away, and prevent more from coming through the foundation. The neighbour has agreed to deal with the eavestrough problem, according to the Seller. The Seller is also considering some remedial work with the offending flagstones in the side yard.**
Please click HERE for more pictures and information.
Price:
$735,000
Address:
Cathcart St & Dalhousie St
Ottawa, ON
Square Feet:
2500-2999
Lot Size:
33 ft x 99 ft
Bedrooms:
7
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Duplex
Year Built:
1929

Call (647) 400-2093 for more details

Property Location