Situated in a prime location in Orleans, this fully rented 2152 square foot stand alone building sits on a 16340 square foot lot fronting on St Joseph blvd. This turn key investment property offers a renovated building, ample parking and a 10 year lease. The current tenant is on a ten year lease which ends August 31, 2033. Current rent is $19.50 per square foot or $41964.00 per annum. Rent escalation to take place each year through 2033. Tenant pays an additional rent of $12.01 per square (property taxes, insurance, maintenance). Tenant pays all utilities.
PT LT 6, CON 1OF , AS IN GL68681 & CT112808 ; GLOUCESTER SUBJECT TO AN EASEMENT IN GROSS OVER PART 3 ON PLAN 4R-28861 AS IN OC1715478
Occupancy
Tenant
Possession Date
Flexible
Taxes (2023)
$17,081
Directions/Cross Streets
Head east towards Jeanne D'Arc Blvd. N/Route 55 Merge onto Jeanne D'Arc Blvd. N/Route 55 Continue to follow Jeanne D'Arc Take 1st exit at roundabout onto Ottawa 34 Destination on Left
Neighbourhood
2009 - Chapel Hill
Area
Ottawa
Price History
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Detailed Information
Lot
139.99 x 116.26 ft
Office/Apt Area
2,152
Total Area
2,152
Parking Spaces
12
Gross Income/Sales
$41,964
Net Income Before Debt
$41,964
Zoning
AM3
Seller Property Info Statement
N
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