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$3,549,000
Est. payment /mo
7,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $492
Subdivision 4204 - West Centre Town
MLS Listing ID X11980773
Annual Tax Amount $17,120
Tax Year 2025
Property Sub-Type Investment
Property Description
Excellent Income producing investment property with Great Development Potential = Zoned TM [2214] which allows 6-Storey Development with Multiple Use. Enjoy a good income producing investment (approx. 4.76 Cap Rate when fully rented) while planning your future development of your own perfect income property investment specific to your investment portfolio needs. Located in one of the main city corridors - walking distance to 2 LRT Stations, minutes from Downtown, Dows Lake & Little Italy. Duplex is undergoing Major Renovations (with permits) inside & out = one 3-bedroom unit & one large 2-bedroom plus Den unit each unit will include 2 full bathrooms, each having it's own furnace, laundry & hydro meter with the top unit rented for $2,800 and bottom unit presently owner occupied with an estimated rental income of $2,900 per month. Property features 15 parking spaces. Each of the 3 attached Townhomes have undergone major renovations & each Townhome includes 4-bedrooms, 2 full bathrooms, & In-Unit Laundry. When fully occupied Estimated Gross Income is $201,000.00 - Estimated Gross Expenses are $32,073.00 - Estimated Net Income before mortgage costs of $168,927.00.
Location
Province ON
County Ottawa
Community 4204 - West Centre Town
Area Ottawa
Zoning TM [2214]
Interior
Cooling Partial
Inclusions 5 Fridges, 5 Stoves, 3 Dishwashers, 5 Washers, 5 Dryers, 2 Central Air Conditioners, 2 Hot Water Tanks
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 104.38
Lot Depth 99.0
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Listed by RE/MAX HALLMARK REALTY GROUP