Whether you’re actively looking to buy or sell, in need some of guidance and advice, curious about a specific property, or just looking to chat, I’d love to hear from you!
Contact me to start working with Ottawa’s top-rated real estate agent.
Fourteen-unit income property includes 3 commercial retail units plus 11 residential apartments. This an incredible opportunity for a value-add investor that appreciates underperforming assets and knows how to make the necessary renovations and cycle out tenants to raise rents to a market value. Residential rents are currently 50% below market value and commercial rents are 30% below market value. Lots of upside for a sophisticated investor who will actualize the embedded equity to increase the value of the property by more than $2,000,000. All units are separately metered for hydro. Commercial tenants also pay for heat and water. Includes 12 parking spaces. No on-site laundry. Two tankless water boilers were installed 3 and 7 years ago. Two hot water tanks service the building & are less than five years old. (id:45745)
|Parking Space Total||12|
|Heating Fuel||Natural Gas|
|Heating Type||Hot Water Radiator Heat|
|Utility Water||Municipal Water|
|Sewer||Municipal Sewage System|
|Size Depth||89 Ft|
|Size Frontage||79 Ft|
|Size Irregular||79 Ft X 89 Ft|
|Size Total Text||79 Ft X 89 Ft|
Contact us for more information