$2,999,000
Centre Town
Neighbourhood
1910
Built in
Owner completely and tastefully renovated in 2019 with new addition at rear. Building is Fully Rented. Commercial Tenant spent over $1M in improvements main floor and lower level and has 7 years left of a 10 year lease term. Net Rent $6k/mth plus $2.5k/mth recoverable. Net Rent increases in 2 years by 12.5%. 3 large newly renovated residential apartments: 1-1 bedroom apt($1550); 1-2 bedroom apt($1855); 1-3 bedroom apt($2810). Top Upgrades with all new appliances in apartments. Each unit has its own gas furnace, hydro meter, AC. All tenants pay own hydro/gas. Current NOI: $131,394. NOI will increase annually with standard annual rent increases for residential and $9k in 2 years for commercial. Solid investment, prime location; one of the most beautiful streets in Ottawa. (id:21083) Back
MLS #: 1273609
Courtesy of SHAKER REALTY LTD.
Do you like this property?
Email Us or call us at 613.327.4453

Additional Images

Details

Property Type

Retail

Neighbourhood

Centre Town

Built in

1910