Renovated Triplex in Great Lower Town Location
This is an incredible opportunity to own a renovated (2013) triplex with a backyard, in a great location steps to the National Art Gallery and ByWard Market. 195 Cathcart is a fantastic 3-bedroom, two-storey unit with a gorgeous artistic, industrial vibe featuring high exposed ceilings. The unit is truly amazing as an owner-occupied suite or rental. The foyer closes off from the main floor. There is a large open concept living / dining room, a beautiful renovated kitchen with high-end stainless steel appliances and a great family room. The family room enjoys a built-in desk area with storage and access to the deck and backyard. Just off the kitchen is a well-located laundry room. The main floor also has a powder room with a cool floor composed of pennies.
A stylish, contemporary blue staircase with glass railings leads to the second floor, home to three bedrooms and a full bathroom. Two of the bedrooms enjoy their own balconies. The basement also offers great space. There is a games room, a recreation room that extends the full width of the back of the home (under 197 Cathcart). There is also a full bathroom in the basement.
197 Cathcart is home to two 1-bedroom, 1 bathroom units. The main floor unit with deck is currently rented for $1,880 / month and the upstairs unit with two balconies is rented for $1,700 / month (upstairs rent is not reflective of current market value as there is a long-term tenant occupying this space - both rents are net of utilities and both are currently month to month). Each of the three units has its own separate furnace, water tank and air conditioning unit and is metEred separately. 195 Cathcart is currently vacant, as it was most recently owner occupied.
The low maintenance backyard offers rare manicured outdoor space. The backyard enjoys an interlock patio and storage shed and is partially fenced. This fantastic, upgraded triplex offers the opportunity to own an income-generating property in a great downtown location.