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$3,465,000
Available - For Sale
Listing ID: X11228242
Welcome to Richmond, the fast developing rural suburb of Ottawa in the heart of the Greenbelt. This is an incredible opportunity to invest in a multi residential residential rental property in the heart of Richmond. Buyers should know that the property is slightly larger than an acre and given it's corner location on the main street of Richmond. Building consists of 16 x one bedroom apartments (slab on grade walkouts) of various sizes, total gross annual income is $240k as of 1 May 2025. As with most properties in Richmond it is on a well and city sewer. Water treatment system has just been upgraded ($10K) reducing the monthly operating costs significantly (estimated for 2025 as $5k vs $10k 2024). The owner has renovated units as they become available, however there are a number that still need upgrading providing upside potential. The property has coin op washer and dryers plus a reverse osmosis water system that sells bottled water for additional income. Due to previous agreement with the City the property enjoys a residential tax rate that is lower than other multi residential properties. Units are electric heat and tenants pay their own electric bills. This property has been owner managed for 27yrs and all maintenance issues are dealt with promptly. **All offers must include the completed Schedule B attachment** (Costs are for 2024)
Price $3,465,000
Taxes: $21,874.68
Tax Type: Annual
Occupancy by: Tenant
Address: 5931 Perth Stre , Stittsville - Munster - Richmond, K0A 2Z0, Ottawa
Postal Code: K0A 2Z0
Province/State: Ottawa
Legal Description: PCL 24-1, SEC 4D-22 ; UNIT 24, PL 4D-22
Lot Size: 150.67 x 248.75 (Feet)
Directions/Cross Streets: Perth Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 13 To 20 Units
Building Percentage: T
Total Area: 1.1
Total Area Code:  Acres
Area Influences: Greenbelt/Conse   Recreation/Comm
Approximatly Age: 51-99
Business/Building Name: Perth Inn Motor Hotel
Financial Statement: F
Chattels: F
Franchise: F
LLBO: N
Taxes Expense: $21875
Insurance Expense: $8548
 Management Expense: 0
Maintenance: 0
 Hydro Expense:  $1736
Water Expense: $5000
Other Expenses: $7085
Gross Income/Sales: $227016
Operating Expenses: $71725
Vacancy Allowance: 0
Net Income Before Debt: $195648
Expenses Actual/Estimated: $Act
Sprinklers: No
Outside Storage: F
Crane: F
Heat Type: Baseboard
Central Air Conditioning: No
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK SAM MOUSSA REALTY

5931 Perth Stre , Stittsville - Munster - Richmond, K0A 2Z0, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Stittsville - Munster - Richmond
Neighbourhood: 8204 - Richmond
Style:
Lot Size: 150.67 x 248.75(Feet)
Approximate Age: 51-99
Tax: $21,874.68
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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