$2,575,000
Available - For Sale
Listing ID: X13558532
11&13 Acacia Avenue , New Edinburgh - Lindenlea, K1M 0P3, Ottawa
| REMARKS FOR CLIENTS: Previously listed as 2 seperate properties, now combines 6 unit apartment building AND adjacent parking lot. The building is a fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. The price now includes parking for 6 cars, and a parking lot that is2738sq ft. Parking lot has been severed and is zoned RUD4, changing to H4B H(11) allowing a wide variety of commercial and residential permitted uses in a 4 storey envelope. The building itself was renovated 5 years ago, with new wiring and plumbing throughout; new kitchens, bathrooms and flooring; in-unit washer / dryers; owned hot water tanks; fridge/stove/dishwasher/ microwave. Separate electrical panels in each unit with separate external meters, tenants pay hydro; electric heat. Building features two 1 bdrm + den units; 4 one bdrm units. All units have private balconies and / or green space. Annual Gross income = $143k, NOI =$118k. Units rent for $1,700-$2,200 / month. Tenants are younger / professionals. Recent survey available. Safe leafy neighbourhood where trendy New Edinburgh meets exclusive Rockliffe Park. Many funky / popular restaurants now dot the neighbourhood. Metro, Starbucks, a full BMO branch; RBC ATM and LCBO are a 10-minute walk away on Beechwood; Pet Valu and Bridgehead coffee are around the corner; vet clinic down the street. Area is being redeveloped and gentrified, attracting higher-end owners and renters. Surrounded by biking and jogging paths, and Rockliffe's secluded streets are great for leisurely walks, joggers & dog walkers. Great location for renters and investors alike.OFFER REMARKS: Listing agent owns the building. Offers to be accompanied by appropriate disclosure acknowledgement. 24 hours notice for viewing as a tenant courtesy. |
| Price | $2,575,000 |
| Taxes: | $12122.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 11&13 Acacia Avenue , New Edinburgh - Lindenlea, K1M 0P3, Ottawa |
| Postal Code: | K1M 0P3 |
| Province/State: | Ottawa |
| Legal Description: | PART LOT 82 PLAN 4M43, PARTS 1, 2 4R3533 |
| Directions/Cross Streets: | Acacia & Beechwood |
| 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 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 4200.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit Recreation/Comm |
| Approximatly Age: | 51-99 |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Water Expense: | $1300 |
| Net Income Before Debt: | $118000 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 6 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Partial |
| Sewers: | Sanitary+Storm |
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| DIGI BROKERAGE |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | New Edinburgh - Lindenlea |
| Neighbourhood: | 3302 - Lindenlea |
| Approximate Age: | 51-99 |
| Tax: | $12,122 |
| Baths: | 6 |
| Fireplace: | N |
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