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$1,595,000
Available - For Sale
Listing ID: X11960040
This is a fantastic opportunity to own a turn key 8-unit investment property, with phenomenal cash flow! Perfectly situated only steps from Lebreton Flats, Little Italy and Chinatown, in a community filled with a diversity of restaurants, cozy cafes and all the amenities of living downtown. Public transit is within a block with quick access to the LRT station which runs through Lebreton Flats. Gross income of $138k+ with an NOI of $100k+. This is an outstanding investment opportunity at a 6.3% cap rate. This building is well maintained and in great condition with recently renovated units and a solid tenant base comprised primarily of young professionals. This building is extremely easy to manage and boasts a cooperative relationship between the owner and the tenants. All units are located above-grade and comprised of 3 spacious and bright two-bedroom units, two one-bedroom units and three bachelor suites. The impressive top floor two-bedroom unit was recently fully renovated with a new kitchen, new bathroom, full interior painting, new laminate flooring and fixtures throughout. A profitable coin operated laundry is in the basement with ample storage space for tenants. The property sits on a 71 x 46 lot with R4UB zoning and the spacious side lot (which currently holds 7 parking spaces) offers the potential for future development opportunity to add additional units.
Price $1,595,000
Taxes: $19,149
Tax Type: Annual
Occupancy by: Tenant
Address: 4 Eccles Stre , West Centre Town, K1R 6S2, Ottawa
Postal Code: K1R 6S2
Province/State: Ottawa
Lot Size: 71.41 x 46.16 (Feet)
Directions/Cross Streets: Eccles Street & Bell Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 4,750
Total Area Code:  Square Feet
Taxes Expense: $19149
Insurance Expense: $7207
Maintenance: 0
 Heat Expenses: $3557
 Hydro Expense:  $1986
Water Expense: $2929
Other Expenses: $3928
Gross Income/Sales: $138047
Operating Expenses: $38756
Net Income Before Debt: $99291
Year Expenses: 2024
Expenses Actual/Estimated: $Act
Sprinklers: Part
Outside Storage: F
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
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CAPITAL COMMERCIAL INVESTMENT CORP.

4 Eccles Stre , West Centre Town, K1R 6S2, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4205 - West Centre Town
Style:
Lot Size: 71.41 x 46.16(Feet)
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Tax: $19,149
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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