| Property TypeMulti-family | Built in1955 |
|
Superb opportunity awaits the savvy investor searching for a renovated building with potential for stronger cashflow (present return 5.94% cap). It has been extensively renovated and offers tenants a high level of security. Over 500K invested: new 2 storey front + rear covered balcony structures, bldg security, lighting, cameras, intercom, washrooms, kitchens, laundry, added to 5 units, new electrical panels, wiring, unit lighting, appliances, flooring, paint, mailboxes, insulation, roof, secure doors, windows, garage renos +. Quality 6 unit building w 5 x 100% updated 1 bedrm suites, one unit has a legacy tenant paying below market rent, plus a quality larger garage structure also generates rental income (potential to easily transform garage to tenant storage lockers). One of the six one bedroom units has yet to be refreshed @ 25K would increase return of +$10,680/yr + higher Net Income approx $99,801.00/yr with projected CAP rate 6.65% (buyer to verify). Easy to own & manage bldg! (id:16400) Please visit : Multimedia link for more photos and information |
| Management CompanySelf managed - | OwnershipFreehold |
| Parking Spaces3 | TransactionFor sale |
| Zoning DescriptionR4UD |
| Constructed Date1955 | CoolingHeat Pump |
| Exterior FinishBrick | Fire ProtectionSecurity |
| FoundationPoured Concrete | Heating FuelNatural gas |
| HeatingRadiant heat | Storeys Total3 |
| Utility WaterMunicipal water |
| Size Frontage52 ft ,4 in | SewerMunicipal sewage system |
| Size Depth86 ft | Size Irregular52.3 ft X 86 ft |
Listing Office: ENGEL & VOLKERS OTTAWA
Data Provided by Ottawa Real Estate Board
Last Modified :29/05/2024 10:11:07 PM
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