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$ 2,275,000
Est. payment | /mo
4,200 SqFt
$ 2,275,000
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $541
Subdivision 3302 - Lindenlea
MLS Listing ID X12304547
Building Age 51-99
Annual Tax Amount $11,817
Tax Year 2025
Property Sub-Type Investment
Property Description
Fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. New bathrooms, kitchens, flooring, fridges, dishwashers, washer-dryers, microwaves and hot water tanks in all units in winter of 2021. New wiring and plumbing throughout. Building fully occupied with young professionals. Average lease length of 2 years, creating ample opportunity to increase rents to market value without additional capital improvements. Annual gross income of $143k. NOI of $121k. Electric heat, separate meters for each unit, tenants pay hydro. Two 1 bedroom garden-level walkout units with their own green space. Two 1 bedroom 1st floor units with private, west facing decks. Two 1 bedroom and den 2nd story units with private, east facing decks. Units rent from $1,800/ month to $2,200/month. Parking for 6 cars. Rent roll for all 6 units available. Finacial statements prepared by accounting firm available, recent survey available. Safe, popular, leafy neighbourhood with many attractive amenties within short walking distance, including Metro, LCBO, Starbucks, Bridgehead, Pet Value, restaurants and specialty shops. Bike and jogging paths, and winding, secluded streets of Rockliffe Park only a stones throw away. Great location and excellent investment opportunity.
Location
Province ON
County Ottawa
Community 3302 - Lindenlea
Area Ottawa
Interior
Cooling No
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 38.1
Lot Depth 43.6
Others
Security Features No
Listed by DIGI BROKERAGE
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