Space
Finished area and layout
- Square Feet
- 2,500-3,000 sqft
- Bedrooms
- 3
- Bathrooms
- 4
+37 more
3
Bedrooms
4
Bathrooms
32 x 116.5 FT
Lot
3
Parking
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- sale of business / Mixed Use
- Ownership
- Freehold
Lot
About This Property
This 3-bedroom, 4-bathroom sale of business in Ottawa Centre offers a 32 x 116.5 FT lot. The property has zoned H1[482] H(53) - Hub Zone 1. The home features yes.
MLS Remarks
Great Income property which has been highly updated - Fully Occupied by very good tenants. Property features a Commercial Tenant on the Main Floor. A large 2-bedroom residential suite on part of 2nd floor & 3rd floor which features luxurious finishes, a front porch & a large 15 feet by 15 feet outdoor deck off the 3rd floor living area. The luxurious 1-bedroom residential suite is located on the back part of the 2nd floor. Both residential units have their own Furnace, Central Air conditioner, & Laundry Area. Commercial tenant pays $4,334.00/month which includes the annual commercial property tax & portion of annual property insurance; in addition the Commercial tenant pays approx. 70% of total city of Ottawa water bill for the complete property (approx. $1,680.00 is the Commercial Tenants portion) & other usage bills such as hydro & heat. Rent for 1-Bedroom unit is $1,575/month plus hydro & heat. Rent for 2-Bedroom unit is $2,700/month plus hydro & heat. Total approx. Gross Income = $103,308.00 - Approx. Total Gross Expenses to be paid by the Landlord/Owner = $26,509.39 - Approx. Total net Income = $76,798.61 - Approx. CAP Rate of 6.02. Loads of updates throughout this centrally located building. The Front of the property has Heritage Designation.***Commercial portion of the property will have HST (In Addition) Applicable to the Sale Price***
Inclusions
2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers, 2 Dryers
Full Listing Details
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