$1,560,000
Available - For Sale
Listing ID: X9516441
1314 EMPEROR Ave , Carlington - Central Park, K1Z 8C6, Ontario
| Your next investment opportunity in Ottawa's hot rental market...This solid brick 6-unit building is in good condition, fully rented, and offers a combination of 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels...More than 6 parking spots outside...6 storage bins & coin-operational laundry on the lower level...Centrally located property with easy access to many amenities like the 417, Merivale Road shopping, hospitals, transit, experimental farm, parks, and more...Units are spacious & sunny with Southern exposure...Every unit has its own hydrometer, and one is for the common areas...Some rents are below market value with plenty of upside on future rents...The property is built on a large lot 108x100 ft with potential for future development in a rapidly growing & changing area...Gross Operating Income $89,348/Year, Operating Costs $27,844/Year, and Net Operating Income $61,504/Year. |
| Price | $1,560,000 |
| Taxes: | $11068.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 1314 EMPEROR Ave , Carlington - Central Park, K1Z 8C6, Ontario |
| Postal Code: | K1Z 8C6 |
| Province/State: | Ontario |
| Legal Description: | PART LOT 15 PLAN 294 AS IN NS192865 ; OT |
| Lot Size: | 108.00 x 100.00 (Feet) |
| Directions/Cross Streets: | Going North on Fisher, turn left on Emperor. |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 0.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Public Transit Rec Centre |
| Financial Statement: | N |
| Franchise: | N |
| Taxes Expense: | $11068 |
| Insurance Expense: | $4658 |
| Management Expense: | 0 |
| Heat Expenses: | $3800 |
| Hydro Expense: | $2460 |
| Water Expense: | $4050 |
| Other Expenses: | $1808 |
| Gross Income/Sales: | $89348 |
| Operating Expenses: | $27844 |
| Vacancy Allowance: | 0 |
| Net Income Before Debt: | $61504 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | N |
| Outside Storage: | Y |
| Crane: | N |
| Heat Type: | Water Radiators |
| Central Air Conditioning: | N |
| Elevator Lift: | None |
| Sewers: | Sanitary |
| Water: | Municipal |
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| REAL ESTATE SOLUTIONS CORP. |
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|
Aneta Andrews
Broker
Dir:
416-576-5339
Bus:
905-278-3500
Fax:
1-888-407-8605
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Carlington - Central Park |
| Neighbourhood: | 5303 - Carlington |
| Lot Size: | 108.00 x 100.00(Feet) |
| Tax: | $11,068 |
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