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$3,649,000
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.
Price $3,649,000
Taxes: $32,542
Occupancy by: Tenant
Address: 1123-11 WELLINGTON St , West Centre Town, K1Y 2Y6, Ontario
Postal Code: K1Y 2Y6
Province/State: Ontario
Legal Description: PLAN 83 PT LOTS 42 & 43 IRREG WELLINGTON
Lot Size: 60 x 85 (Feet)
Directions/Cross Streets: CORNER OF WELLINGTON STREET AND CARRUTHERS
Zoning: TM11, UNASSIGNED
Category: Apartment
Insurance Expense: $10267
Water Expense: $5701
Gross Income/Sales: $264350
Net Income Before Debt: $182327
Heat Type: Steam Radiators
Sewers: Sewers
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK REALTY GROUP

1123-11 WELLINGTON St , West Centre Town, K1Y 2Y6, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4202 - Hintonburg
Style:
Lot Size: 60.00 x 85.00(Feet)
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Tax: $32,542
Maintenance Fee: $0
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