350 St Philippe Street Alfred And Plantagenet, Ontario K0B 1A0
$449,900
ATTENTION INVESTORS! An exceptional opportunity to own a versatile income-producing mixed-use property in the heart of Alfred! This impressive four-unit building features three residential apartments and one established commercial unit, offering multiple streams of rental income and excellent upside potential. The residential portion consists of two spacious 2-bedroom apartments and one bachelor unit. Adding to its appeal, one of the 2-bedroom apartments has been completely renovated and is currently vacant, allowing the new owner to set their own rental rate, with an estimated rental potential of approximately $1,300/month plus heat and hydro. The commercial unit is currently occupied by the well-established Milano Pizza, providing an additional source of income and stability.Ideally situated along Highway 17, this property benefits from excellent exposure, convenient access to local amenities, schools, restaurants and everyday services, while offering easy connectivity to both Ottawa and Montreal. With an established commercial tenant secured under a renewed four-year triple-net lease, three residential units and the added opportunity to maximize rental income from the vacant renovated apartment, this property presents an outstanding investment opportunity. Boasting a true potential net capitalization rate of 10.28%, this is an attractive opportunity for investors seeking strong income potential, multiple revenue streams and long-term value in a desirable central location. Don't miss your chance to add this exceptional mixed-use investment property to your portfolio! (id:19512)
Property Details
| MLS® Number | X14160442 |
| Property Type | Multi-family |
| Community Name | 609 - Alfred |
| Features | Carpet Free |
| Parking Space Total | 1 |
| Structure | Deck |
Building
| Bathroom Total | 1 |
| Bedrooms Above Ground | 2 |
| Bedrooms Total | 2 |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Basement Type | Partial |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 700 - 1100 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage | |
| Shared |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 62 Ft ,7 In |
| Size Frontage | 87 Ft ,10 In |
| Size Irregular | 87.9 X 62.6 Ft |
| Size Total Text | 87.9 X 62.6 Ft|under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30491687/350-st-philippe-street-alfred-and-plantagenet-609-alfred
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343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4
(866) 530-7737
(647) 849-3180
www.exprealty.ca/
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November 07 2026 08:02:17
Ottawa Real Estate Board
Exp Realty