Added 3 weeks 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: R4B
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Age: No Data
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Taxes: 6752
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MLS®#: X11996887
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Days on Site: 3 Days
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Added: Feb 28, 2025 (3 weeks ago)
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Updated:
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Last Checked: 1 week ago
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Listed By: EXP REALTY
Excellent Investment Opportunity in Vanier!This sixplex offers a desirable mix of four 1-bedroom and two 2-bedroom units, each with its own private entrance, eliminating common areas and reducing maintenance. With a strong cap rate of 5.82%, this property is priced to sell and offers exceptional cash flow potential. The property generates a yearly income of $86,837.28 with a net operating income of approximately $69,794.25.Recent capital improvements include a new hot water boiler system, new siding, a new front staircase, and a new sump pump, ensuring long-term durability. Several units have been renovated, generating strong rental income with room for future rent increases, making it easier to qualify for financing. The property features four parking spaces, with tenants handling snow removal, and offers potential to generate additional revenue by charging for parking. There's also an opportunity to add a laundry facility in the utility room for extra income. Located in Ottawa's high-demand Vanier rental market, this property boasts a Walk Score of 89, meaning most daily errands can be completed on foot. Public transportation is easily accessible, with multiple OC Transpo bus routes connecting to downtown Ottawa and key destinations. The area offers a variety of amenities, including the Richelieu-Vanier Community Centre for recreational and cultural activities, as well as the Vanier Museopark for outdoor green space and year-round programming. Don't miss out on this multi-unit investment, schedule your viewing today!
Property
Status: Sale
Type: Apts-6 To 12 Units
Property Type: Investment
Property Type: Apartment
Net Income: 69794
Area: Vanier and Kingsview Park
Community: 3404 - Vanier
Availability Date: TBD
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Heat Type: Water Radiators
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Covered Parking Spaces: 4
Fees
Tax Year: 2024
Tax Legal Description: LT 178, PL 238 ; VANIER/GLOUCESTER
Taxes: $6,752
Expenses: Act
Insurance Fee: 3301
Operating Fees: 17043
Hydro Expense: 1201
Heat Expenses: 960
Taxes Type: Annual
Taxes: 6752
Tax Year: 2024
Water Fees: 4422
Land
Cross Street: Montreal Road
Municipality District: Vanier and Kingsview Park
Parcel Number: 042390113
Lot Depth: 42.5 Feet
Lot Frontage: 90 Feet
Zoning: R4B
Commercial Specific
Total Area: 3778.13
Total Area Metric: Sq Ft
Lot Code: Building
Gross Income/Sales: 86837
Car-Dependent
- Almost all errands require a car.
École élémentaire publique L'Héritage
Elementary: PublicChar-Lan Intermediate School
Elementary: PublicSt Peter's School
Elementary: CatholicHoly Trinity Catholic Elementary School
Elementary: CatholicÉcole élémentaire catholique de l'Ange-Gardien
Elementary: CatholicWilliamstown Public School
Elementary: PublicÉcole secondaire publique L'Héritage
Secondary: PublicCharlottenburgh and Lancaster District High School
Secondary: PublicSt Lawrence Secondary School
Secondary: PublicÉcole secondaire catholique La Citadelle
Secondary: CatholicHoly Trinity Catholic Secondary School
Secondary: CatholicCornwall Collegiate and Vocational School
Secondary: Public