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$1,799,900
Available - For Sale
Listing ID: X10419114
An attractive 6-unit building consisting of 3 commercial spaces & 3 residential units. The beauty salon business is also included as a bonus as the seller/owner is retiring. A viable business since 1979. It has 1,073 SF & market rent of $3000/mth gross. Two other commercial spaces were added at the rear of the salon in 1987 but have been rented as Airbnb. Apt #4 is a fully furnished modern 1 BDRM unit of approx 520 S.F w/6 appliances & market rent of $1950/mth all-inclusive. Apt #5, a modern and bright 2-storey loft style apt, approx 730 SF w/2 floors of windows, 2 skylights, 6 appliances & w/a market rent of $2300/mth all-inclusive. The 3 residential Apts are all 1 Bdrm and 2 have balconies. Apt #1 rented @ $1600/mth & Apt #2 and #3 at $1366/mth. There's 1 hot water boiler for the main building & a forced air furnace (2017) for the two rear GRND floor units. The electrical has been upgraded to a 400 amp service. 3 car parking in tandem. With 20% down VTB 1st mortgage at 7%
Price $1,799,900
Taxes: $13,402
Occupancy by: Tenant
Address: 232 ST PATRICK St , Lower Town - Sandy Hill, K1N 5K3, Ontario
Postal Code: K1N 5K3
Province/State: Ontario
Legal Description: PART LOT 15, PLAN 42482 AS IN N560302, S
Lot Size: 33 x 100 (Feet)
Directions/Cross Streets: North on Dalhousie & left on St.Patrick St. Property is on the left.
Zoning: MD2 S72 Mixed-Us
Category: Apartment
Insurance Expense: $10064
Water Expense: $3256
Gross Income/Sales: $93462
Operating Expenses: $45522
Net Income Before Debt: $93462
Heat Type: Water
Central Air Conditioning: Central Air
Sewers: Sewers
Water: Municipal
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RE/MAX HALLMARK REALTY GROUP

232 ST PATRICK St , Lower Town - Sandy Hill, K1N 5K3, Ontario


 
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Type: Com - Investment
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4001 - Lower Town/Byward Market
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Lot Size: 33.00 x 100.00(Feet)
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Tax: $13,402
Maintenance Fee: $0
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