$619,900
Available - For Sale
Listing ID: X9518943
2870 COLONIAL Road , Orleans - Cumberland and Area, K0A 3E0, Ottawa
| Investment opportunity that savvy investors won’t want to miss. Located in the peaceful village of Sarsfield, just minutes from Orleans & Navan, this well-maintained 5plex offers significant potential for increased returns. Sarsfield combines the charm of rural living with the convenience of easy access to nearby urban centers, making it an attractive location for tenants seeking tranquility while staying connected to city amenities. With 3 2-bdrm & 2 1-bdrm apts, the units are rented below market value, presenting a clear opportunity to maximize profitability. This fully-occupied property provides steady rental income & includes individual parking spaces & outdoor storage for each unit, enhancing tenant appeal. With 4 sep. electrical meters, landlords have added convenience, covering only electricity for common areas & 3 units. Seize this promising investment in a community blending country charm & urban accessibility. Schedule your viewing today & unlock the potential of this 5-plex! |
| Price | $619,900 |
| Taxes: | $3900.00 |
| Tax Type: | Unknow |
| Occupancy: | Tenant |
| Address: | 2870 COLONIAL Road , Orleans - Cumberland and Area, K0A 3E0, Ottawa |
| Postal Code: | K0A 3E0 |
| Fronting On: | N |
| Province/State: | Ottawa |
| Legal Description: | PT LT 10 CON 4 CUMBERLAND AS IN RR123397 |
| Lot Size: | 38.40 x 92.00 (Feet) |
| Directions/Cross Streets: | Once in Navan go east on Colonial Road for about 10 minutes. Once in Sarsfield the property is on th |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 11840.29 |
| Total Area Code: | Square Feet |
| Taxes Expense: | $3900 |
| Insurance Expense: | $6347 |
| Hydro Expense: | $4320 |
| Water Expense: | $1200 |
| Gross Income/Sales: | $57720 |
| Operating Expenses: | $17767 |
| Net Income Before Debt: | $39953 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Unkn |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Sewers: | Septic |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Orleans - Cumberland and Area |
| Neighbourhood: | 1116 - Cumberland West |
| Lot Size: | 38.40 x 92.00(Feet) |
| Tax: | $3,900 |
| Fireplace: | N |
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