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.
Demographics
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.
