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$ 1,560,000
Est. payment /mo
Active
1314 EMPEROR AVE Ottawa, ON K1Z 8C6
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1395519
Year Built 1958
Annual Tax Amount $11,068
Tax Year 2024
Property Sub-Type Apartment 5+ Units
Property Description
Your next investment opportunity in Ottawa's hot rental market...This solid brick 6-unit building is in good condition, fully rented, and offers a combination of 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels...More than 6 parking spots outside...6 storage bins & coin-operational laundry on the lower level...Centrally located property with easy access to many amenities like the 417, Merivale Road shopping, hospitals, transit, experimental farm, parks, and more...Units are spacious & sunny with Southern exposure...Every unit has its own hydrometer, and one is for the common areas...Some rents are below market value with plenty of upside on future rents...The property is built on a large lot 108x100 ft with potential for future development in a rapidly growing & changing area...Gross Operating Income $89,348/Year, Operating Costs $27,844/Year, Net Operating Income $61,504/Year.
Location
Province ON
Interior
Heating Natural Gas
Exterior
Roof Type Tar & Gravel
Building
Story 3
Foundation Block
Sewer Sewer Connected
Water Municipal
Structure Type Brick
Listed by REAL ESTATE SOLUTIONS CORP.
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