$1,560,000
Available - For Sale
Listing ID: X12065084
1314 Emperor Aven , Carlington - Central Park, K1Z 8C6, Ottawa
| 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 $89,348/Year, Operating Costs $27,844/Year, and Net Operating Income $61,504/Year. |
| Price | $1,560,000 |
| Taxes: | $11068.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 1314 Emperor Aven , Carlington - Central Park, K1Z 8C6, Ottawa |
| Postal Code: | K1Z 8C6 |
| Province/State: | Ottawa |
| Legal Description: | PART LOT 15 PLAN 294 AS IN NS192865 ; OT |
| Directions/Cross Streets: | Merivale Rd and Dorchester Ave |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 0.00 |
| Total Area Code: | Square Feet |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Management Expense: | 0 |
| Water Expense: | $4050 |
| Vacancy Allowance: | 0 |
| Net Income Before Debt: | $61504 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 6 |
| Outside Storage: | F |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
| Water: | None |
| Water Supply Types: | None |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| REAL ESTATE SOLUTIONS CORP. |
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|
Gaurang Shah
Licenced Realtor
Dir:
416-841-0587
Bus:
905-458-7979
Fax:
905-458-1220
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Carlington - Central Park |
| Neighbourhood: | 5303 - Carlington |
| Tax: | $11,068 |
| Baths: | 6 |
| Fireplace: | N |
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