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$999,900
Available - For Sale
Listing ID: X12470520
LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) . LOT SIZE 29 x 110 feet. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of it's size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) - EXPENSES: $29,664.15 = NOI $87,165.85 . Reach out for more info and photos and to book a viewing... WE WELCOME OFFERS!
Price $999,900
Taxes: $12,684.15
Tax Type: Annual
Occupancy by: Tenant
Province/State: Ottawa
Legal Description: PT LT 25, PL 27267 , S/S SOMERSET ST AS
Lot Size: 8.84 x 110 (Feet)
Directions/Cross Streets: From Queensway E: take Catherine Street exit, turn right onto Bank, then left onto Somerset Street
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: Office
Building Percentage: T
Total Area: 2,809
Total Area Code:  Square Feet
Office/Appartment Area: 2535
Office/Appartment Area Code: Sq Ft
Retail Area Code: %
 Management Expense: 0
Maintenance: 0
Water Expense: $3850
Net Income Before Debt: $87168
Expenses Actual/Estimated: $Est
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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

 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
Style:
Lot Size: 8.84 x 110.00(Feet)
Approximate Age:
Tax: $12,684.15
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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