Desirable and rarely available - an attractive, well maintained, fully leased, 5-unit apartment building in Centertown. Easy to lease, manage and operate. Major capital improvement completed in the past 10yrs including boiler, roof, driveway, electrical meters, updated common areas and unit interiors. 2 parking spaces. Please contact Listing Agent for financials. Unit Mix = 1-2bed, 1-1bed, 3-studios. Rental Income = $97,520 ; Expenses = $26,093 (incl $500/unit/yr maintenance) ; Net Income = $71,427 (id:28469)
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Facts & features
Property
MLS® Number
X13760452
Property Type
Multi-family
Neighbourhood
Chinatown
Community Name
4103 - Ottawa Centre
Parking Space Total
2
Building
Bathroom Total
5
Bedrooms Above Ground
3
Bedrooms Total
3
Appliances
Water Meter
Basement Development
Unfinished
Basement Type
N/a (unfinished)
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Concrete
Heating Fuel
Natural Gas
Heating Type
Radiant Heat
Stories Total
3
Size Interior
2,000 - 2,500 Sqft
Type
Other
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
109 Ft ,1 In
Size Frontage
27 Ft ,6 In
Size Irregular
27.5 X 109.1 Ft ; 0
Size Total Text
27.5 X 109.1 Ft ; 0
Zoning Description
R4ud(733)
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$5,734/mo
Ontario land transfer tax
$22,375 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.