$1,799,900

Investment For Sale In Byward Market, Ottawa, Ontario

$1,799,900

Property Information:

An attractive 6-unit building consisting of 3 commercial spaces & 3 residential units. The beauty salon business is also included as a bonus as the seller/owner is retiring. A viable business since 1979. It has 1,073 SF & market rent of $3000/mth gross. Two other commercial spaces were added at the rear of the salon in 1987 but have been rented as Airbnb. Apt #4 is a fully furnished modern 1 BDRM unit of approx 520 S.F w/6 appliances & market rent of $1950/mth all-inclusive. Apt #5, a modern and bright 2-storey loft style apt, approx 730 SF w/2 floors of windows, 2 skylights, 6 appliances & w/a market rent of $2300/mth all-inclusive. The 3 residential Apts are all 1 Bdrm and 2 have balconies. Apt #1 rented @ $1600/mth & Apt #2 and #3 at $1366/mth. There's 1 hot water boiler for the main building & a forced air furnace (2017) for the two rear GRND floor units. The electrical has been upgraded to a 400 amp service. 3 car parking in tandem. With 20% down VTB 1st mortgage at 7% (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Basement Development: Unfinished
  • Basement Type: N/A
  • Exterior Finish: Brick, Stucco
  • Foundation Type: Block
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Multi-family
  • Irregular: Yes
  • Lot Depth: 100.0 Feet
  • Lot Frontage: 33.0 Feet
  • Lot Size: Unit=33 x 100 FT ; 0
  • Zoning: MD2 S72 Mixed-Use
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX HALLMARK REALTY GROUP

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.