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$1,070,000
Available - For Sale
Listing ID: X10442375
Updated & meticulously maintained 5-plex centrally located near shopping, transit, schools (uOttawa), parks and the downtown core. 5 x 1-bedroom/1 bath apartments have recent upgrades including kitchens, appliances, bathrooms, floors more. Updated windows and recently replaced roof. Each unit has storage locker in basement along with surfaced parking, as property has wide double lane driveway. Common laundry room in basement has potential for additional laundry income. Property has 6 hydro meters with each apartment on an individual meter paying their own hydro. Excellent tenants and easy to maintain and manage building. Lot has space and high density R4UA zoning for the potential to extend building, add additional structure or future building potential. Why buy land and develop, when you can buy and earn income at an appealing 5.4% cap rate today for well below the cost to acquire land, pay development/permit fees and construction costs. 5x stoves, 5x fridges, 2x dishwashers.
Price $1,070,000
Taxes: $5,537
Occupancy by: Tenant
Address: 382 BRANT St , Vanier and Kingsview Park, K1L 6V6, Ontario
Postal Code: K1L 6V6
Province/State: Ontario
Legal Description: LT 30, PL 337; PT LT 31, PL 337 AS IN N6
Lot Size: 57.08 x 72.47 (Feet)
Directions/Cross Streets: Mcarthur Ave to Brant St.
Zoning: R4UA
Category: Apartment
Insurance Expense: $2403
Water Expense: $2642
Gross Income/Sales: $68820
Operating Expenses: $15188
Net Income Before Debt: $53632
Heat Type: Water
Central Air Conditioning: None
Sewers: Sewers
Water: Municipal
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UPPABE INCORPORATED

382 BRANT St , Vanier and Kingsview Park, K1L 6V6, Ontario


 
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Type: Com - Investment
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3404 - Vanier
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Lot Size: 57.08 x 72.47(Feet)
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Tax: $5,537
Maintenance Fee: $0
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