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Stjepan Rasic
The Rasic Group, RE/MAX Escarpment Realty Inc., Brokerage
stjepan@rasicteam.ca +1(905) 901-1596$ 1,560,000
Est. payment | /mo
6 Baths
$ 1,560,000
Est. payment | /mo
6 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 5303 - Carlington
MLS Listing ID X12065084
Annual Tax Amount $11,068
Tax Year 2024
Property Sub-Type Investment
Property Description
Your next investment opportunity in Ottawa's hot rental market...This solid brick 6-unit building is in good condition, fully rented, and offers a combination of 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels...More than 6 parking spots outside...6 storage bins & coin-operational laundry on the lower level...Centrally located property with easy access to many amenities like the downtown, the 417, Merivale Road shopping, hospitals, transit, experimental farm, parks, and more...Units are spacious & sunny with Southern exposure...Every unit has its own hydrometer, and one is for the common areas...Some rents are below market value with plenty of upside on future rents...The property is built on a large lot 108x100 ft with potential for future development in a rapidly growing & changing area...Gross Operating Income is $90,500/year, Operating Costs is around $28500/year and Net Operating Income is around $62,000/year.
Location
Province ON
County Ottawa
Community 5303 - Carlington
Area Ottawa
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 108.0
Lot Depth 100.0
Others
Security Features No
Listed by REAL ESTATE SOLUTIONS CORP.