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.
Address
1314 Emperor Avenue
List Price
$1,350,000
MLS® Status
Price Change
Expiration Date
2025-12-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
For Sale
Area
Carlington - Central Park
Sub-Area
5303 - Carlington
Region
Ottawa
Bathrooms
6
Lot Size Source
MPAC
Lot Depth
100
Lot Shape
Rectangular
Lot Type
Building
Lot Size Units
Feet
Lot Width
108
Parcel Number
040440047
Occupant Type
Tenant
Cross Street
Merivale Rd and Dorchester Ave
MLS® Number
X12065084
Listing Brokerage
REAL ESTATE SOLUTIONS CORP.
Postal Code
K1Z 8C6
Posession Details
Flexible
Parking Spaces
6
Tax Amount
$11,068.00
Tax Year
2024
Property Management Company
Self
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Hot Water
Cooling Features
No
Garage Type
Outside/Surface
Tax Legal Description
PART LOT 15 PLAN 294 AS IN NS192865 ; OTTAWA/GLOUCESTER
Security Features
No
Water Source
None