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1702 Russell Road, Ottawa, ON 31 photos

$1,050,000

Active
1702 Russell Road, Ottawa, ON· Riverview Park
3
Bedrooms
3
Bathrooms
2500-3000
Sq Ft
8 (None)
Parking

About this Property

  • Updated windows about 15 years ago

Purpose-Built Brick Triplex in a Prime Location! Ideal as a multi-generational home. A property you can easily envision calling home while generating income. This well-maintained triplex offers two spacious 3-bedroom units (approx 1000 sqft each) and one bright 2-bedroom basement (865 sqft) apartment with walkout basement to backyard.. Renovations completed in 2023- Apartments 1 and 2 include - IKEA kitchens including sink, faucets, countertop and backsplash tile, vinyl flooring in hallways, living/dining room, newer appliances and vanity in bathroom; Apt B - bathroom vanity. Tenants pay their own hydro/heat

The basement and second-floor apartments share a common laundry room, while Apartment 1 features a convenient in-unit stackable washer and dryer in the bathroom. Each unit is well divided, bright, and generously sized ideal for tenants or owner-occupiers alike. The 3 apartments feature eat-in kitchens, plus Apt #1 and #2 have option of a large living room area or combined living/dining room. Apt#1 and #2 have identical layouts. Roof 2005 with 25 year shingles. 3 Hydro Meters. Updated windows about 15 years ago. Large backyard 52' x 110' with interlock patio. An investment opportunity live in one unit and collect income from the others. Located within walking distance to Elmvale Acres Shopping Mall, and close to The Perley, CHEO, The Ottawa General Hospital, schools, and Trainyards. 24 hour notice for showings. Tenant in Apt 2. vacating May 1st (currently for lease). Vacant possession will be provided for Basement apartment.

Listed by ROYAL LEPAGE PERFORMANCE REALTY · MLS# X13056632

Features & Details

Property details of 1702 Russell Road, Ottawa, ON

Property TypeTriplex
Style2-Storey
Size2500-3000 sq ft
BasementFinished with Walk-Out, Apartment
Total Parking8

Mortgage Calculator

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Mortgage Payment$5,158/monthly
Principal54%
Interest46%
Principal Amount$840,000
Interest$707,500
Total Payable$1,547,500
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$5,158
Mortgage + Expenses$5,158
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$
$
$
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Monthly Cash Flow-$5,158

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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