5931 Perth Street, Stittsville - Munster - Richmond | Image 1

5931 Perth Street

Stittsville - Munster - Richmond, 8204 - Richmond

  • Commercial

$3,565,000
For Sale

Added 3 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-13 To 20 Units

  • Zoning: V3E[503r]

  • Age: 51-99 years

  • Taxes: 21874.68

  • MLS®#: X11228242

  • Days on Site: 16 Days

  • Added: Nov 27, 2024 (3 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: RE/MAX HALLMARK SAM MOUSSA REALTY

Welcome to Richmond, the fast developing rural suburb of Ottawa in the heart of the Greenbelt. This is an incredible opportunity to invest in the residential rental property in the heart of Richmond at a a fair price. This property consists of 16 x one bedroom apartments of various sizes, average rent is $1,182/month, meaning there is significant upside potential. The owner has been renovating units as they become available, however there are a number that still need upgrading. The building is built on a slab so all units are direct walk-in and could easily be converted to a seniors residence. Unit sizes vary from 500sq ft to close to 800sq ft which provide potential to add a second bedroom and higher rents. The owner has also installed coin op washer and dryers plus a reverse osmosis water system that sells bottled water for additional income. Another feature is that the property enjoys a residential tax rate that is far lower than comparable properties. Units are electric heat and tenants pay their own electric bills and . In considering this property, buyers should be aware that the property is slightly larger than an acre and given it's corner location on the main street of Richmond, it could provide the cornerstone of a land assembly. Property has been owner managed for 27yrs and all maintenance issues are dealt with promptly.

Extras

All offers must include the completed Schedule B attachment

Property

  • Status: Sale

  • Type: Apts-13 To 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Net Income: 161486

  • Area: Stittsville - Munster - Richmond

  • Community: 8204 - Richmond

  • Availability Date: Negotiable

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Baseboard

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Well

  • Physically Handicapped-Equipped: Y

Parking

  • Garage Type: None

  • Covered Parking Spaces: 25

Fees

  • Tax Year: 2023

  • Tax Legal Description: PCL 24-1, SEC 4D-22 ; UNIT 24, PL 4D-22 ; GOULBOURN SUBJECT TO A

  • Taxes: $21,875

  • Expenses: Act

  • Management Expense: 11181

  • Insurance Fee: 8548

  • Operating Fees: 71725

  • Hydro Expense: 1736

  • Other Expenses: 7085

  • Taxes Type: Annual

  • Taxes: 21875

  • Water Fees: 9300

Land

  • Cross Street: Perth Street

  • Municipality District: Stittsville - Munster - Ric

  • Parcel Number: 047590062

  • Lot Depth: 248.75 Feet

  • Lot Frontage: 150.67 Feet

  • Zoning: V3E[503r]

Commercial Specific

  • Sprinklers: N

  • Total Area: 1.1

  • Total Area Metric: Acres

  • Area Influence: Grnbelt/Conserv

  • Area Influence: Rec Centre

  • Franchise: N

  • Tangible Property Included: N

  • Crane: N

  • Lot Code: Building

  • Survey: N

  • Vacancy Allowance: 3405

  • Business/Building Name: Perth Inn Motor Hotel

  • Financial Statement: Y

  • Gross Income/Sales: 227016

  • LLBO: N

Map of 5931 Perth Street, Stittsville - Munster - Richmond
JK-5

Richmond Public School

Elementary: Public
1.03 km
6-8

Goulbourn Middle School

Elementary: Public
6.51 km
JK-6

St Philip Elementary School

Elementary: Catholic
1.74 km
JK-6

Roch Carrier Elementary School

Elementary: Public
9.36 km
JK-8

École élémentaire publique Maurice-Lapointe

Elementary: Public
8.99 km
JK-6

St Anne Elementary School

Elementary: Catholic
9.14 km
9-10

École secondaire catholique Paul-Desmarais

Secondary: Catholic
9.68 km
9-12

École secondaire publique Maurice-Lapointe

Secondary: Public
8.99 km
9-12

A.Y. Jackson Secondary School

Secondary: Public
11.25 km
9-12

John McCrae Secondary School

Secondary: Public
10.23 km
9-12

South Carleton High School

Secondary: Public
1.60 km
9-12

Sacred Heart High School

Secondary: Catholic
9.46 km
3440 EAGLESON Road, Stittsville - Munster - Richmond | MLS: X10845553
For Sale
1 month ago
$3,388,000
  • 0 bath
  • 0 bed

3440 EAGLESON Road, Stittsville - Munster - Richmond, Ontario • K0A 2Z0 • 8204 - Richmond