For Sale Multi-Family

93-95 Lower Charlotte Street

$1,595,000 Est. $7,062/mo ↓

Ottawa, Ontario K1N 8J9

10 Bedrooms
6 Bathrooms
3,500 - 5,000 sqft Interior
4 Parking spaces
38 X 81.9 Ft Lot size
146 days ago Listed
Central Air Conditioning Forced Air

About this home

Welcome to 93-95 Lower Charlotte, built around 1907. Since 2003, all systems were updated... electricity: 100 amp service to 300 amp ... plumbing: lead pipes and cast iron to copper and ABS... remove most lath and plaster and installed insulation and sheetrock (5/8), replaced flooring with hardwood, laminate, vinyl or ceramic throughout. Built 5 new bathrooms and 1 powder room. Installed 3 full kitchens. 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 deck off of the 93 kitchen. 93-95 Lower Charlotte is a legal non-conforming Triplex... 93 Lower Charlotte has 2 bedrooms, 1-4pces en-suite and 1-powder room. Approx. 1,400 sq. ft. The main floor has Living/Dining area, powder room, renovated kitchen with access to large private deck. The second floor has a Master bedroom with access to balcony, walk-in closet and 4-pces ensuite, laundry room and a second bedroom with a Murphy bed. 95 Lower Charlotte has 2 bedrooms, a 4-pces bathroom and a kitchen on the main floor. On the second floor, there are 3 bedrooms, a 4-pces bathroom and a kitchenette with access to the front balcony. The third, located on third floor of 93-95 has private access from the back entrance. This unit 3 bedrooms, 2 3-peices bathrooms and a kitchen/living area. This unit has exclusive use of the roof-top deck with BBQ. TOTAL EXPENSES: Taxes - $11,699.00, Wifi - $1,573, Hydro - $2,690.00, Water - $1,713.43, Gas - $3,656.70 , Insurance: $5243.00 Total Operating Expenses is: $26,575.00. RENTAL REVENUES: Unit -1 at 93 : $2600 mth, Unit -2 at 95 : $3450.00, Unit - at 93-95 : $2350. TOTAL Rental Income: $8,400 * 12 = $100,800.00 ( rent includes all utilities) Net Operating Income (NOI) is $74,225.00. Capitalization Rate is : 4.4 ($74,225.00 / $1,695,000) There are 4 legal Parking spaces. (id:28469)

Facts & features

Property

MLS® Number
X12006603
Property Type
Multi-family
Neighbourhood
Sandy Hill
Community Name
4002 - Lower Town
Amenities Near By
Public Transit, Schools
Community Features
School Bus
Features
Lane, Carpet Free
Parking Space Total
4
Structure
Porch, Patio(s)
View Type
City View

Building

Bathroom Total
6
Bedrooms Above Ground
10
Bedrooms Total
10
Appliances
Water Heater, Water Meter, Dishwasher, Dryer, Hood Fan, Microwave, Stove, Washer, Refrigerator
Basement Development
Unfinished
Basement Type
N/a (unfinished)
Cooling Type
Central Air Conditioning
Exterior Finish
Brick
Foundation Type
Stone
Half Bath Total
1
Heating Fuel
Natural Gas
Heating Type
Forced Air
Stories Total
3
Size Interior
3,500 - 5,000 Sqft
Type
Triplex
Utility Water
Municipal Water

Parking

No Garage
—

Land

Acreage
No
Land Amenities
Public Transit, Schools
Sewer
Sanitary Sewer
Size Depth
81 Ft ,10 In
Size Frontage
38 Ft
Size Irregular
38 X 81.9 Ft
Size Total Text
38 X 81.9 Ft

Utilities

Cable
Installed
Electricity
Installed

Monthly payment estimate

$
Estimated payment — per month
Mortgage amount
—
Total interest
—

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
$7,062/mo
Ontario land transfer tax
$28,375 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Lower Town market

11 Active listings
$589,000 Median asking price
171% above median This home
37 days Avg. time on market
Browse all Lower Town listings →

Rooms

Second Level

  • Bedroom 3.66 m x 3.66 m
  • Laundry Room 1.8 m x 1.8 m
  • Bedroom 4.6 m x 3.66 m
  • Bedroom 4.6 m x 3.66 m
  • Bedroom 3.66 m x 3.66 m
  • Bathroom 1.8 m x 1.87 m
  • Kitchen 3 m x 1.8 m
  • Primary Bedroom 5.18 m x 3.66 m
  • Bathroom 3.66 m x 3.66 m

Third Level

  • Bedroom 4.2 m x 3.66 m
  • Bedroom 3.66 m x 3.66 m
  • Bedroom 4.3 m x 4.5 m
  • Kitchen 4.5 m x 3.66 m
  • Bathroom 2.13 m x 2.13 m
  • Bathroom 2.13 m x 2.13 m

Main Level

  • Living Room 4.6 m x 5.2 m
  • Dining Room 4.6 m x 5.2 m
  • Kitchen 5.8 m x 3.66 m
  • Partial Bathroom 1.5 m x 1 m
  • Bedroom 4.6 m x 3.66 m
  • Bedroom 4.6 m x 3.66 m
  • Bathroom 1.8 m x 2.4 m
  • Kitchen 5.8 m x 2.66 m

Location

93-95 Lower Charlotte Street, Ottawa, Ontario K1N 8J9  ·  Get directions

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