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$2,275,000
Available - For Sale
Listing ID: X12304547
Fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. New bathrooms, kitchens, flooring, fridges, dishwashers, washer-dryers, microwaves and hot water tanks in all units in winter of 2021. New wiring and plumbing throughout. Building fully occupied with young professionals. Average lease length of 2 years, creating ample opportunity to increase rents to market value without additional capital improvements. Annual gross income of $143k. NOI of $121k. Electric heat, separate meters for each unit, tenants pay hydro. Two 1 bedroom garden-level walkout units with their own green space. Two 1 bedroom 1st floor units with private, west facing decks. Two 1 bedroom and den 2nd story units with private, east facing decks. Units rent from $1,800/ month to $2,200/month. Parking for 6 cars in adjacent lot. Rent roll for all 6 units available. Finacial statements prepared by accounting firm available, recent survey available. Safe, popular, leafy neighbourhood with many attractive amenties within short walking distance, including Metro, LCBO, Starbucks, Bridgehead, Pet Value, restaurants and specialty shops. Bike and jogging paths, and winding, secluded streets of Rockliffe Park only a stones throw away. Great location and excellent investment opportunity.
Price $2,275,000
Taxes: $11,817
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 11 & 13 Acacia Aven , New Edinburgh - Lindenlea, K1M 0P3, Ottawa
Postal Code: K1M 0P3
Province/State: Ottawa
Legal Description: PCL 82-1, SEC 4M-43 ; LT 82, PL 4M-43 SU
Directions/Cross Streets: Beechwood and Acacia
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
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 4,200
Total Area Code:  Square Feet
Area Influences: Public Transit  
Approximatly Age: 51-99
Business/Building Name: Chelsea Realty Investments Inc
Financial Statement: T
Chattels: F
Franchise: F
 Management Expense: 0
Maintenance: 0
Water Expense: $1373
Vacancy Allowance: 0
Net Income Before Debt: $120875
Expenses Actual/Estimated: $Act
Sprinklers: No
Heat Type: Baseboard
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
DIGI BROKERAGE

11 & 13 Acacia Aven , New Edinburgh - Lindenlea, K1M 0P3, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: New Edinburgh - Lindenlea
Neighbourhood: 3302 - Lindenlea
Style:
Lot Size: x 43.60(Metres)
Approximate Age: 51-99
Tax: $11,817
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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