135 CONCORD Street South, Glebe - Ottawa East and Area | Image 1

135 CONCORD Street South

Glebe - Ottawa East and Area, 4407 - Ottawa East

  • Commercial

$2,600,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R3P

  • Age: No Data

  • Taxes: 26270

  • MLS®#: X9519069

  • Days on Site: 67 Days

  • Added: Sep 11, 2024 (2 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: KELLER WILLIAMS INTEGRITY REALTY

Substantially rebuilt 9-unit apartment building located within walking distance of Ottawa University Lee's Campus, Main Campus, and St Paul's University campus. Largely rebuilt down to the studs in 2019 from the basement to the roof. The long list of work included concrete repair, membrane around the foundation, plumbing infrastructure with water submeters for all units, electrical, upper roof, tankless boiler, radiators, windows, fire alarm system, asphalt, appliances, and completely remodeled units. All tenants pay for electricity and water in addition to their rent. Paid parking and coin laundry. Heating is a central tankless boiler system with high-efficiency radiators. All rents are currently quite below the market value giving the successful buyer a substantial upside opportunity. Tenants are a mix of students and young professionals. Rarely available, this is a long-term legacy investment opportunity for you and your family. No vendor mortgage is available.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 114548

  • Area: Glebe - Ottawa East and Area

  • Community: 4407 - Ottawa East

  • Availability Date: Immediate

Building

  • Heat Type: Water

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 7

Fees

  • Tax Year: 2024

  • Tax Legal Description: LTS 49 & 50, PL 97162 ; OTTAWA/NEPEAN

  • Taxes: $26,270

  • Insurance Fee: 8356

  • Operating Fees: 57524

  • Water Fees: 1800

Land

  • Cross Street: Exit the highway at

  • Municipality District: Glebe - Ottawa East and Are

  • Parcel Number: 042030171

  • Sewer: Sewers

  • Lot Depth: 95.8 Feet

  • Lot Frontage: 61.1 Feet

  • Zoning: R3P

Commercial Specific

  • Gross Income/Sales: 178227

Map of 135 CONCORD Street South, Glebe - Ottawa East and Area
JK-6

École élémentaire catholique Au Coeur d'Ottawa

Elementary: Catholic
0.32 km
JK-6

Viscount Alexander Public School

Elementary: Public
0.79 km
JK-6

Lady Evelyn Alternative School

Elementary: Public
0.27 km
JK-6

First Avenue Public School

Elementary: Public
1.05 km
JK-6

Elgin Street Public School

Elementary: Public
1.08 km
7-8

Immaculata Intermediate School

Elementary: Catholic
0.42 km
9-12

Urban Aboriginal Alternate High School

Secondary: Public
2.38 km
9-12

Richard Pfaff Secondary Alternate Site

Secondary: Public
2.06 km
9-12

Immaculata High School

Secondary: Catholic
0.45 km
9-12

École secondaire publique De La Salle

Secondary: Public
2.51 km
Pre-Grade 9-12

Lisgar Collegiate Institute

Secondary: Public
1.25 km
Pre-Grade 9-12

Glebe Collegiate Institute

Secondary: Public
2.07 km
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