119 DALY Avenue, Lower Town - Sandy Hill | Image 1

119 DALY Avenue

Lower Town - Sandy Hill, 4003 - Sandy Hill

  • Commercial

$2,800,000
For Sale

Added 9 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: Residential

  • Age: No Data

  • Taxes: 18566

  • MLS®#: X9516451

  • Days on Site: 268 Days

  • Added: Jun 17, 2024 (9 months ago)

  • Updated:

  • Last Checked: 3 weeks ago

  • Listed By: EXP REALTY

Discover an extraordinary investment opportunity with this unique mixed rooming house, featuring 23 units in total. The property includes 15 bachelor units with shared amenities such as three kitchens, three full baths, and two communal living spaces, as well as 8 fully independent one-bedroom units. This configuration offers exceptional flexibility and income potential. Situated in a prime location just steps from Rideau Centre, the University of Ottawa, parks, and various attractions, it stands in one of the city's most robust rental sectors. Don't miss your chance to explore this must-see investment property, promising excellent returns in an unbeatable location. **EXTRAS** The heating system is a boiler. Other in expenses are telecom/phone/internet, HWT Rental, Snow, garbage & lawn care. See attached for complete income and expenses. Capital expenditures can be found on Financials. Maintenance is 5% of income

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 140408

  • Area: Lower Town - Sandy Hill

  • Community: 4003 - Sandy Hill

  • Availability Date: TBD

Building

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 9

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 8, PL 6 , N OF DALY AV, S/T & T/W NS129521 ; OTTAWA

  • Taxes: $18,566

  • Expenses: Est

  • Management Expense: 10436

  • Insurance Fee: 14268

  • Operating Fees: 94616

  • Hydro Expense: 8135

  • Heat Expenses: 5613

  • Other Expenses: 21626

  • Taxes Type: Annual

  • Taxes: 18556

  • Tax Year: 2023

  • Water Fees: 9978

Land

  • Cross Street: Laurier to Kind Edwa

  • Municipality District: Lower Town - Sandy Hill

  • Parcel Number: 042100023

  • Sewer: None

  • Lot Depth: 99 Feet

  • Lot Frontage: 66 Feet

  • Zoning: Residential

Commercial Specific

  • Total Area Metric: Acres

  • Gross Income/Sales: 235024

Map of 119 DALY Avenue, Lower Town - Sandy Hill
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