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$2,999,000
Est. payment /mo
5,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,800 sqft
Price per Sqft $517
Subdivision 3402 - Vanier
MLS Listing ID X12003657
Annual Tax Amount $26,712
Tax Year 2024
Property Sub-Type Investment
Property Description
A 5-year-old purpose-built 8-unit apartment building with fully furnished open-concept units, including six 2-bedroom and two 1-bedroom apartments. The property is located close to Montfort Hospital, amenities, and shopping just off Beechwood Ave., near Rockcliffe Park and within walking distance to the Rideau River, offering year-round recreational activities including skating, cross-country skiing, snowshoeing, walking, cycling, swimming, tennis, rowing, and sailing. Gross yearly rent = $231,122.28. Individual rents are as follows: (1) $2,190, (2) $2,500, (3) $1,950, (4) $2,357.50, (5) $2,639.38, (6) $2,610.81, (7) $2,450, (8) $2,562.50. Expenses include taxes: $26,712, hydro: $5057, water: $4,108, gas: $12,263, maintenance: $11,140, management: $8,784, insurance: $6714, advertising: $1,116, Admin $557, Structrual Reserve Allowance $4,562, Total yearly expenses = $81,017. In Financial Information, under Other Expenses, $6,236 is a combination of advertising ($1,116) plus administration ($557) and Structrual Reserve Allowance $4,562
Location
Province ON
County Ottawa
Community 3402 - Vanier
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 39.92
Lot Depth 99.85
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Listed by RE/MAX HALLMARK REALTY GROUP