Added 4 months ago
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Type: Office
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Property Type: Commercial
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Zoning: TM
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Age: No Data
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Taxes: 3947
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MLS®#: X9522622
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Days on Site: 65 Days
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Added: Oct 15, 2024 (4 months ago)
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Updated:
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Last Checked: 4 hours ago
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Listed By: EASY LIST REALTY LTD.
For more information, please click Brochure button. Most beneficial use of property: Leverage it as per its mixed Commercial/Residential TM zoning to become MS1 in 2025: Great opportunity for Professionals/Business Owners to live in it or potentially use a part of the property commercially minimizing the commercial tax bill. As Ottawa pursues its densification, possibility to expand and leverage it partially or 100% commercially and build up to 6 floor or 20 m high. If use 100% residentially, the 2024 annual gross rent income is $37500 with operating cost of $6400/yr. For a net of $31100 (no mortgage). To make it available to new buyers, the property can be vacant with a two months notice, studio rented at $1150/mth. The property is ready to live in. Target buyers: Professionals, investors, business owners. Numerous permitted use: retail store, restaurant, bank , daycare, apartment dwelling, museum etc. Consult the city to assess your project.
Property
Status: Sale
Property Type: Office
Property Type: Office
Net Income: 31500
Area: Vanier and Kingsview Park
Community: 3404 - Vanier
Availability Date: Negotiable
Building
Elevator: None
Freestanding: Y
Water Supply: Municipal
Volts: 220
Amps: 200
Parking
Garage Type: None
Covered Parking Spaces: 3
Fees
Tax Year: 2024
Tax Legal Description: PT LT H, PL 381, AS IN NS268715; VANIER/GLOUCESTER
Taxes: $3,947
Expenses: Est
Tax Year: 2023
Land
Cross Street: The property is faci
Municipality District: Vanier and Kingsview Park
Parcel Number: 042400007
Lot Depth: 100 Feet
Lot Frontage: 43.17 Feet
Zoning: TM
Commercial Specific
Retail Area Metric: %
Total Area: 1718
Total Area Metric: Sq Ft
Office Size Metric: %
Survey: Y
Gross Income/Sales: 37500
Assumption Catholic Elementary School
Elementary: CatholicÉcole élémentaire publique Mauril-Bélanger
Elementary: PublicSt Michael Elementary School
Elementary: CatholicRobert E. Wilson Public School
Elementary: PublicQueen Elizabeth Public School
Elementary: PublicÉcole élémentaire catholique Horizon-Jeunesse
Elementary: CatholicÉcole 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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