1314 EMPEROR Avenue, Carlington - Central Park | Image 1

1314 EMPEROR Avenue

Carlington - Central Park, 5303 - Carlington

  • Commercial

$1,560,000
For Sale

Added 6 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: R4UC

  • Age: No Data

  • Taxes: 11068

  • MLS®#: X9516441

  • Days on Site: 188 Days

  • Added: Jun 14, 2024 (6 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: REAL ESTATE SOLUTIONS CORP.

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.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 61504

  • Area: Carlington - Central Park

  • Community: 5303 - Carlington

  • Availability Date: Flexible

Inside

  • Air Conditioning: N

Building

  • Heat Type: Water Radiators

  • Elevator: None

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: Y

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

  • Covered Parking Spaces: 6

Fees

  • Tax Year: 2024

  • Tax Legal Description: PART LOT 15 PLAN 294 AS IN NS192865 ; OTTAWA/GLOUCESTER

  • Taxes: $11,068

  • Expenses: Act

  • Insurance Fee: 4658

  • Operating Fees: 27844

  • Hydro Expense: 2460

  • Heat Expenses: 3800

  • Other Expenses: 1808

  • Taxes Type: Annual

  • Taxes: 11068

  • Tax Year: 2023

  • Water Fees: 4050

Land

  • Cross Street: Going North on Fishe

  • Municipality District: Carlington - Central Park

  • Parcel Number: 040440047

  • Sewer: Sanitary

  • Lot Depth: 100 Feet

  • Lot Frontage: 108 Feet

  • Zoning: R4UC

Commercial Specific

  • Sprinklers: N

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Franchise: N

  • Crane: N

  • Lot Code: Building

  • Survey: N

  • Financial Statement: N

  • Gross Income/Sales: 89348

Map of 1314 EMPEROR Avenue, Carlington - Central Park
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