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$3,049,000
Available - For Sale
Listing ID: X9465487
This Historic Building was built between 1912 and 1913 and is referred to as the Iona Mansions historically and locally referred to as The Angel Building. This very well maintained property is a 3 story walk up with 11 residential units, 4 bachelors and 7 one bedroom units which are all occupied. There is coin operated laundry for the residential tenants. There are also 4 fully leased retail units on the main floor. All retail leases are at least 5 years duration.There have been many upgrades to the property since the current owner purchased the building in 2003 including all new windows, updated electrical and heating system (steam boiler), fire escape, and plumbing stacks. This is a great investment opportunity. Please ensure to provide 24 hour notice for all showings and 24 hour Irrevocable for all offers as per form 244. (1123-1131 Wellington Street)
Price $3,049,000
Taxes: $32,542
Tax Type: Unknow
Occupancy by: Tenant
Address: 1123-31 WELLINGTON Stre , West Centre Town, K1Y 2Y6, Ottawa
Postal Code: K1Y 2Y6
Fronting On: N
Province/State: Ottawa
Legal Description: PLAN 83 PT LOTS 42 & 43 IRREG WELLINGTON
Lot Size: 18.29 x 85 (Feet)
Directions/Cross Streets: CORNER OF WELLINGTON STREET AND CARRUTHERS
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
Building Percentage: T
Total Area: 0
Total Area Code:  Square Feet
Insurance Expense: $10267
Maintenance: 0
Water Expense: $5701
Gross Income/Sales: $264350
Net Income Before Debt: $182327
Year Expenses: 2023
Expenses Actual/Estimated: $Est
Sprinklers: Unkn
Heat Type: Other
Central Air Conditioning: Unknown
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
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

1123-31 WELLINGTON Stre , West Centre Town, K1Y 2Y6, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4202 - Hintonburg
Style:
Lot Size: 18.29 x 85.00(Feet)
Approximate Age:
Tax: $32,542
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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