DON’T MISS THIS GREAT INVESTMENT OPPORTUNITY IN TRENDY HINTONBURG! With over $70k in annual rental income, this building is cash flow positive, the monthly rental income is $6,018.00. Renovated 4plex featuring 2 upper one-level one-bedroom units w/ balconies and 2 lower two-level three-bedroom units. New bathrooms, kitchens, floors and many upgrades throughout. This could be a great opportunity to invest, owner occupy and live for free, or sever and sell both sides separately.
111 Melrose Avenue Neighbourhood Guide
What to Expect
Hintonburg is located west of the downtown core. It is a mostly residential area but its commercial district is occupied by Wellington St W. It is the neighbourhood that precedes Westboro, going westbound from downtown. The area has a diverse mix of heritage buildings and new developments. Hintonburg is close to many of Ottawa’s popular neighbourhoods including Westboro, Little Italy, and Centretown.
This area hosts an eclectic mix of artists, adults and families. This mix is in part due to the opening of several galleries in the area since 2006. There are a few child care services and elementary schools.
Wellington St W is a thriving street due to its proximity to the Parkdale Market and Tunney’s Pasture. Commercial activity along this street is predominantly independent businesses and offices. At the corner of Holland and Wellington, there is the Irving Greenberg Theatre Centre which opened in 2007 for live theatre performances.
What You’ll Love
Hintonburg is easily accessible as it is bordered by the Queensway as well as Ottawa’s light rail transit system, the O-train This neighbourhood offers a diversity of restaurants, if you head to Wellington Street you will be sure to find something you love. You’ll have access to grocery stores, pharmacies and any amenities you would need. You can take a drive, or bike ride, on the Parkway and find beautiful views of the Ottawa River.