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 six parking spots outside...6 secured storage bins & coin-operational laundry on the lower level...Centrally located property with easy access to many amenities like the 417, Merivale Road shopping, hospitals, transit, experimental farm, parks, and more...Units are spacious, and sunny with Southern exposure...Every unit has its own hydrometer, and one is for the common areas. Many renovations and upgrades over the years... 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 income $89,348/Year, Operating Expenses $27,844/Year, Net Operating Income $61,504/Year.
MLS# | X9516441 |
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Listing Type | For Sale |
Style | Other |
Sub-Type | Resale |
Status | Active |
Days On Site | 13 |
Listing Provided By | REAL ESTATE SOLUTIONS CORP. | Not Provided |
Zoning | R4UC |
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Province | ON |
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County | Carlington Central Park |
City | Carlington - Central Park |
Postal Code | K1Z 8C6 |
Area | Ottawa |
Community Name | 5303 Carlington |
Listing VS Median (in 5303 Carlington) | |
Price: $1,560,000 low | high Med: $0 On Site: 13 low | high Med: |