1160 MERIVALE Road, Ottawa, ON, K1Z 6B5

MLS® # 1404689

Conditionally Sold

Commercial In Carlington, Ottawa, Ontario

$3,400,000

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1160 MERIVALE Road, Ottawa, ON, K1Z 6B5

Status:

$3,400,000

Property Information:

This purpose-built 16 unit is well maintained and walking distance to many amenities including the experimental farms, transit, dining and shopping. The building offers a mix of 4 bachelor apartments and 12 one bedroom apartments with an elevator, onsite fitness room, coin operated laundry facilities, and a total of 11 parking spots. Each unit is separately metered for hydro and has one - two balconies. This is a Great Investment opportunity with Significant Upside Potential in NOI. Sellers will Consider a VTB up-to 75% for Qualified Buyers.

Property Features:

Annual Tax Amount: $37,056
Additional Property Uses ICI: Apartment 5+Units
Amenities: Elevator, Exercise Centre, Laundry, Security
Exterior Finish: Brick
Fire Protection:
Foundation: Block, Poured Concrete
Heat Desc: Baseboard
Irregular: Yes
Lot Depth: 39.00 Metre
Lot Frontage: 18.08 Metre
Sewer Type: Sewer Connected
Title: Freehold
Zoning: TM
Heating Fuel: Electricity
Water Supply: Municipal
No. of Parking Spaces: 11

Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Sales/Price History

Rating:

Notes:

Michael Gorley

Salesperson/REALTOR® Royal LePage Performance Realty , Brokerage*

Mobile:613.793.7653

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Charles Gorley

Salesperson/REALTOR® Royal LePage Performance Realty , Brokerage*

Mobile:613.852.7653

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Stephane Lalonde

Salesperson/REALTOR® Royal LePage Performance Realty , Brokerage*

Mobile:613.867.5337

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Location of 1160 MERIVALE Road, Ottawa, ON, K1Z 6B5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 1160 MERIVALE Road , experiences 7 hot days per year at around 31.3 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past

31.3℃

2050

34.7℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 1160 MERIVALE Road , experiences 11 significant 2-day storms per year, with about 316.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 403.2mm of precipitation per year.

Precipitation Per Storm

Past

316.3mm

2050

403.2mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1160 MERIVALE Road, Ottawa, ON, K1Z 6B5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$85,782.20

Average Number of Children

1.88

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.82 %

High school certificate or equivalent

31.43 %

Apprenticeship trade certificate/diploma

6.03 %

College/non-university certificate

18.79 %

University certificate (below bachelor)

1.67 %

University Degree

21.25 %

Commuter

Travel To Work

By Car

63.44 %

By Public Transit

26.03 %

By Walking

4.1 %

By Bicycle

0.57 %

By Other Methods

5.86 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

65.77 %

Houses

34.23 %

Own Vs. Rent

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1160 MERIVALE Road, Ottawa, ON, K1Z 6B5 $3,400,000 MLS® # 1404689

Status:

Property Information:

Property Features:

Sales/Price History

Location of 1160 MERIVALE Road, Ottawa, ON, K1Z 6B5

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 1160 MERIVALE Road, Ottawa, ON, K1Z 6B5

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

1160 MERIVALE Road, Ottawa, ON, K1Z 6B5

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