A great investment opportunity is available in the heart of Ottawa with this five-unit building. Units 1-3 are spacious four bedrooms, unit 4 is a 3-bed unit and the penthouse features 2 bedroom all with in-unit laundry while unit offering convenience for all tenants. The building is fully occupied and includes 1 parking space. Situated close to Rideau Centre, the University of Ottawa, parks, and numerous attractions, this property is in one of the best rental areas in the city. Don't miss out on this chance to invest in a property that promises excellent returns in a prime location. 48 Hours notice for all showings & 48 hour irrevocable on all offers.
Extras
Other in expenses are HWT Rental, Snow, garbage & lawn care. See attached for complete income and expenses. Capital expenditure statement will be provided upon request. Maintenance amount on MLS is estimated at 5% of income.
LT 32, PL 45224 , W/S NELSON ST ; OTTAWA/NEPEAN CITY OF OTTAWA
Occupancy
Tenant
Possession Date
TBD
Taxes (2024)
$17,889
Tax Type
Annual
Maintenance Fees
$8,570.63
Directions/Cross Streets
From Queensway, Take King Edward, Mann Ave, Right on Templeton, Left on Nelson
Neighbourhood
4004 - Sandy Hill
Area
Ottawa
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Lot
20 x 50.58 ft
Basement
N
Parking Spaces
1
Gross Income/Sales
$172,643
Net Income Before Debt
$115,953
Hydro Expense
$5,159
Water Expense
$1,113
Heat Expenses
$5,486
Insurance Expense
$5,793
Management Expense
$7,975
Operating Expenses
$56,689
Taxes Expense
$17,889
Other Expenses
$4,702
Year Expenses
$2,024
Expenses Actual/Estimated
Act
Sewers
Sanitary
Utilities
Y
Water
Municipal
Zoning
Residential
Seller Property Info Statement
N
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