$1,700,000 FOR SALE

Business for Sale

Hospitality

Lot: 37.95 x 91.91 ft
2024 Taxes: $11,382

93-95 LOWER CHARLOTTE St
Lower Town - Sandy Hill, ON K1N 8J9 | 4002 - Lower Town | Ottawa

Welcome to 93-95 Lower Charlotte, built around 1907, this building was given a new life. Since 2003, all systems were updated... electricity: knob and tube 100 amp service to 300 amp copper wiring... plumbing: lead pipes and cast iron to copper and ABS... remove most lath and plaster and installed insulation and gyproc... replaced flooring with hardwood, laminate, vinyl or ceramic throughout. 5 new bathrooms and 1 powder room. Designed and installed 3 full kitchens & 2 kitchenettes. The back and side bricks were replaced by vinyl siding and hardy-board. The front bricks and wooden entrance was replaced by new bricks and concrete stairs and landing. A rooftop deck, second floor balcony and a 16ft x 20ft deck off of the 93 kitchen. 95 (4 floors) is a licensed rooming house with 8 furnished rooms, 4 baths, 2 kitchens & 2 kitchenettes. 93 (2 floors) main floor living/dining/kitchen/powder, second floor has 2 bedrooms, walk-in, 4 pces bath & Jacuzzi, washer/dryer. There are 4 legal parking.

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Listed By ROYAL LEPAGE TEAM REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9522642
Last Updated Dec 19, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Hospitality
Franchise Non-Franchise
Business/Building Name B &B - Rooming House
Category With Property
PIN 042360005
Legal Description Lt 4, PL 102148,PT LT 3, PL 102148, As In N341594; Ottawa
Occupancy Owner
Possession Date To be arranged
Taxes (2024) $11,382
Assessment (2024) $920,000
Directions/Cross Streets From St-Patrick, turn onto Cobourg, first left onto Desjardins and right onto Lower Charlotte. From Rideau street, turn onto Cobourg, right onto Clarence and left onto Lower Charlotte.
Neighbourhood 4002 - Lower Town
Area Ottawa
Price History
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Detailed Information
Lot 37.95 x 91.91 ft
Parking Spaces 4
Volts 300
Gross Income/Sales $105,000
Net Income Before Debt $75,193
Hydro Expense $2,422
Heat Expenses $4,550
Zoning R4UP
Seller Property Info Statement N

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