Added 1 week ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-6 To 12 Units
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Zoning: R4E
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Age: No Data
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Taxes: 6734
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MLS®#: X11919049
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Days on Site: 11 Days
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Added: Jan 10, 2025 (1 week ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: RIGHT AT HOME REALTY
INVESTMENT Opportunity! SIX-UNIT apartment building. A great CENTRAL LOCATION: easy access to shopping, parks, trails, transit, and just minutes from downtown Ottawa. All the units are extremely spacious 1 bedroom apartments. Current rents: Apt. 1 - $1010, Apt. 2 - $876, Apt. 3 - $795, Apt. 4 - $907, Apt. 5 - $1350 (recently re-rented), Apt. 6 - $885. Seven hydro meters; tenants pay their own hydro. Below-market-value rents indicate long-term tenants. Coin laundry in the basement is currently not being utilized. The building needs TLC but has lots of potential to make this a great addition to any investor's portfolio. Major upgrades history include new roof in 2012 and the gas boiler in 2012.
Property
Status: Sale
Type: Apts-6 To 12 Units
Property Type: Investment
Property Type: Apartment
Net Income: 48238
Area: Vanier and Kingsview Park
Community: 3402 - Vanier
Availability Date: TBA
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Heat Type: Gas Hot Water
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Taxes: $6,734
Expenses: Act
Insurance Fee: 5022
Operating Fees: 21633
Hydro Expense: 758
Heat Expenses: 6086
Taxes Type: Annual
Taxes: 6734
Water Fees: 3079
Land
Cross Street: Vanier Parkway just
Municipality District: Vanier and Kingsview Park
Parcel Number: 042330317
Lot Depth: 64.26 Feet
Lot Frontage: 56.91 Feet
Zoning: R4E
Commercial Specific
Total Area: 3648
Total Area Metric: Sq Ft
Lot Code: Building
Gross Income/Sales: 69871
Assumption Catholic Elementary School
Elementary: CatholicÉcole élémentaire publique Mauril-Bélanger
Elementary: PublicRobert E. Wilson Public School
Elementary: PublicÉcole élémentaire catholique Horizon-Jeunesse
Elementary: CatholicÉcole élémentaire publique Trille des Bois
Elementary: PublicManor Park Public School
Elementary: PublicÉcole secondaire catholique Centre professionnel et technique Minto
Secondary: CatholicOttawa Technical Secondary School
Secondary: PublicImmaculata High School
Secondary: CatholicÉcole secondaire catholique Collège catholique Samuel-Genest
Secondary: CatholicÉcole secondaire publique De La Salle
Secondary: PublicLisgar Collegiate Institute
Secondary: Public
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