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$2,999,000
Available - For Sale
Listing ID: X12003657
A 5-year-old purpose-built 8-unit apartment building with fully furnished open-concept units, including six 2-bedroom and two 1-bedroom apartments. The property is located close to Montfort Hospital, amenities, and shopping just off Beechwood Ave., near Rockcliffe Park and within walking distance to the Rideau River, offering year-round recreational activities including skating, cross-country skiing, snowshoeing, walking, cycling, swimming, tennis, rowing, and sailing. Gross yearly rent = $228,145.56. Individual rents are as follows: (1) $2,190, (2) $2,500, (3) $1,950, (4) $2,300, (5) $2,575, (6) $2,547.13, (7) $2,450, (8) $2,500. Expenses include taxes: $26,712, hydro: $5057, water: $4,108, gas: $12,263, maintenance: $11,140, management: $8,784, insurance: $6714, advertising: $1,116, Admin $557, Structrual Reserve Allowance $4,562, Total yearly expenses = $81,017. In Financial Information, under Other Expenses, $6,236 is a combination of advertising ($1,116) plus administration ($557) and Structrual Reserve Allowance $4,562
Price $2,999,000
Taxes: $26,712
Tax Type: Annual
Occupancy by: Tenant
Address: 12 JOLLIET Aven , Vanier and Kingsview Park, K1L 5H5, Ottawa
Postal Code: K1L 5H5
Province/State: Ottawa
Legal Description: PLAN M25 PT LOT 230
Lot Size: 12.17 x 99.85 (Feet)
Directions/Cross Streets: Beechwood Avenue to Jolliet Avenue.
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 5,800
Total Area Code:  Square Feet
Financial Statement: F
 Management Expense: 8784
Maintenance: 0
Water Expense: $4108
Vacancy Allowance: 4562
Net Income Before Debt: $142565
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
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This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK REALTY GROUP

12 JOLLIET Aven , Vanier and Kingsview Park, K1L 5H5, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3402 - Vanier
Style:
Lot Size: 12.17 x 99.85(Feet)
Approximate Age:
Tax: $26,712
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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