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$2,600,000
Available - For Sale
Listing ID: X9519069
Substantially rebuilt 9-unit apartment building located within walking distance of Ottawa University Lee's Campus, Main Campus, and St Paul's University campus. Largely rebuilt down to the studs in 2019 from the basement to the roof. The long list of work included concrete repair, membrane around the foundation, plumbing infrastructure with water submeters for all units, electrical, upper roof, tankless boiler, radiators, windows, fire alarm system, asphalt, appliances, and completely remodeled units. All tenants pay for electricity and water in addition to their rent. Paid parking and coin laundry. Heating is a central tankless boiler system with high-efficiency radiators. All rents are currently quite below the market value giving the successful buyer a substantial upside opportunity. Tenants are a mix of students and young professionals. Rarely available, this is a long-term legacy investment opportunity for you and your family. No vendor mortgage is available.
Price $2,600,000
Taxes: $26,270
Occupancy by: Tenant
Address: 135 CONCORD St South , Glebe - Ottawa East and Area, K1S 0Z3, Ontario
Postal Code: K1S 0Z3
Province/State: Ontario
Legal Description: LTS 49 & 50, PL 97162 ; OTTAWA/NEPEAN
Lot Size: 61.1 x 95.8 (Feet)
Directions/Cross Streets: Exit the highway at Lees Avenue. Travel West two blocks to the corner of Concord Street South. The p
Zoning: R3P
Category: Apartment
Insurance Expense: $8356
Water Expense: $1800
Gross Income/Sales: $178227
Operating Expenses: $57524
Net Income Before Debt: $114548
Heat Type: Water
Sewers: Sewers
Water: Municipal
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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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CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS INTEGRITY REALTY

135 CONCORD St South , Glebe - Ottawa East and Area, K1S 0Z3, Ontario


 
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Type: Com - Investment
Area: Ottawa
Municipality: Glebe - Ottawa East and Area
Neighbourhood: 4407 - Ottawa East
Style:
Lot Size: 61.10 x 95.80(Feet)
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Tax: $26,270
Maintenance Fee: $0
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