$999,900 | Available For Sale ,,,

$999,900

Available - For Sale

Listing ID: X12470520

LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) . LOT SIZE 29 x 110 feet. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of it's size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) - EXPENSES: $29,664.15 = NOI $87,165.85 . Reach out for more info and photos and to book a viewing... WE WELCOME OFFERS!

Price	$999,900
Taxes:	$12684.15
Tax Type:	Annual
Occupancy:	Tenant
Province/State:	Ottawa
Legal Description:	PT LT 25, PL 27267 , S/S SOMERSET ST AS
Lot Size:	8.84 x 110.00 (Feet)
Directions/Cross Streets:	From Queensway E: take Catherine Street exit, turn right onto Bank, then left onto Somerset Street

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
Washroom Type 11	0
Washroom Type 12	0
Washroom Type 13	0
Washroom Type 14	0
Washroom Type 15	0

Category:	Office
Building Percentage:	T
Total Area:	2809.00
Total Area Code:	Square Feet
Office/Appartment Area:	2535
Office/Appartment Area Code:	Sq Ft
Retail Area Code:	%

Management Expense:	0
Water Expense:	$3850
Net Income Before Debt:	$87168
Expenses Actual/Estimated:	$Est

Washrooms:	0
Heat Type:	Gas Forced Air Close
Central Air Conditioning:	Yes

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

RE/MAX HALLMARK REALTY GROUP

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At a Glance:

Type:	Com - Investment
Area:	Ottawa
Municipality:	Ottawa Centre
Neighbourhood:	4103 - Ottawa Centre
Style:
Lot Size:	8.84 x 110.00(Feet)
Approximate Age:
Tax:	$12,684.15
Maintenance Fee:	$0
Beds:	0
Baths:	0
Garage:	0
Fireplace:	N
Air Conditioning:
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