1314 Emperor Avenue, CarlingtonCentralPark, ON K1Z 8C6

Carlington - Central Park K1Z 8C6 Ontario

MLS: X12065084

$1,450,000

Added 3 days ago | For Sale

Listed by: REAL ESTATE SOLUTIONS CORP.

About Property

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 downtown, 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 is $90,500/year, Operating Costs is around $28500/year and Net Operating Income is around $62,000/year.

Features

  • House Style:Investment
  • Bathrooms:6
  • Land Size: 108 X 100
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:Merivale Rd and Dorchester Ave
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $11068
  • Bedrooms:
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Gas Hot Water
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12065084

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 info@housekarma.ca
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