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$ 1,560,000
Est. payment | /mo
$ 1,560,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9516441
Annual Tax Amount $11,068
Tax Year 2024
Property Description
Your next investment opportunity in Ottawa's hot rental market...This solid brick 6-unit building is in good condition, fully rented, and offers a combination of 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels...More than 6 parking spots outside...6 storage bins & coin-operational laundry on the lower level...Centrally located property with easy access to many amenities like the 417, Merivale Road shopping, hospitals, transit, experimental farm, parks, and more...Units are spacious & sunny with Southern exposure...Every unit has its own hydrometer, and one is for the common areas...Some rents are below market value with plenty of upside on future rents...The property is built on a large lot 108x100 ft with potential for future development in a rapidly growing & changing area...Gross Operating Income $89,348/Year, Operating Costs $27,844/Year, and Net Operating Income $61,504/Year.
Location
Province ON
County Ottawa
Community 5303 - Carlington
Area Ottawa
Region 5303 - Carlington
City Region 5303 - Carlington
Rooms
Family Room No
Interior
Cooling No
Heat Source Gas
Exterior
Garage Spaces 6.0
Community Features Public Transit, Recreation/Community Centre
Utilities Available Unknown
Roof Type Tar and Gravel
Lot Depth 100.0
Building
Story 3
Foundation Block
Others
Security Features No
Pets Allowed Unknown
Listed by REAL ESTATE SOLUTIONS CORP.
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