1160 MERIVALE Road, Carlington - Central Park | Image 1

1160 MERIVALE Road

Carlington - Central Park, 5301 - Carlington

  • Commercial

$3,400,000
For Sale

Added 4 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: TM

  • Age: No Data

  • Taxes: 37056

  • MLS®#: X9516404

  • Days on Site: 143 Days

  • Added: Jul 29, 2024 (4 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE PERFORMANCE REALTY

This purpose-built 16 unit is well maintained and walking distance to many amenities including the experimental farms, transit, dining and shopping. The building offers a mix of 4 bachelor apartments and 12 one bedroom apartments with an elevator, onsite fitness room, coin operated laundry facilities, and a total of 11 parking spots. Each unit is separately metered for hydro and has one - two balconies. This is a Great Investment opportunity with Significant Upside Potential in NOI. Sellers will Consider a VTB up-to 75% for Qualified Buyers.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 127670

  • Area: Carlington - Central Park

  • Community: 5301 - Carlington

  • Availability Date: TBD

Building

  • Heat Type: Baseboard

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 11

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 104, PL 295 , PART 2 , 5R7300 ; OTTAWA/NEPEAN

  • Taxes: $37,056

  • Insurance Fee: 13100

  • Operating Fees: 92235

  • Water Fees: 6005

Land

  • Cross Street: Carling south on Mer

  • Municipality District: Carlington - Central Park

  • Parcel Number: 039990164

  • Sewer: Sewers

  • Lot Depth: 127.96 Feet

  • Lot Frontage: 59.31 Feet

  • Lot Irregularities: 1

  • Zoning: TM

Additional Media

  • Virtual Tour: https://listings.nextdoorphotos.com/1160merivaleroad

Commercial Specific

  • Gross Income/Sales: 219841

Map of 1160 MERIVALE Road, Carlington - Central Park
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