$2,600,000
Available - For Sale
Listing ID: X9519069
135 CONCORD St South , Glebe - Ottawa East and Area, K1S 0Z3, Ontario
| Substantially rebuilt 9-unit apartment building located within walking distance of Ottawa University Lee's Campus, Main Campus, and St Paul's University campus. Largely rebuilt down to the studs in 2019 from the basement to the roof. The long list of work included concrete repair, membrane around the foundation, plumbing infrastructure with water submeters for all units, electrical, upper roof, tankless boiler, radiators, windows, fire alarm system, asphalt, appliances, and completely remodeled units. All tenants pay for electricity and water in addition to their rent. Paid parking and coin laundry. Heating is a central tankless boiler system with high-efficiency radiators. All rents are currently quite below the market value giving the successful buyer a substantial upside opportunity. Tenants are a mix of students and young professionals. Rarely available, this is a long-term legacy investment opportunity for you and your family. No vendor mortgage is available. |
| Price | $2,600,000 |
| Taxes: | $26270.00 |
| Occupancy by: | Tenant |
| Address: | 135 CONCORD St South , Glebe - Ottawa East and Area, K1S 0Z3, Ontario |
| Postal Code: | K1S 0Z3 |
| Province/State: | Ontario |
| Legal Description: | LTS 49 & 50, PL 97162 ; OTTAWA/NEPEAN |
| Lot Size: | 61.10 x 95.80 (Feet) |
| Directions/Cross Streets: | Exit the highway at Lees Avenue. Travel West two blocks to the corner of Concord Street South. The p |
| Category: | Apartment |
| Insurance Expense: | $8356 |
| Water Expense: | $1800 |
| Gross Income/Sales: | $178227 |
| Operating Expenses: | $57524 |
| Net Income Before Debt: | $114548 |
| Heat Type: | Water |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| KELLER WILLIAMS INTEGRITY REALTY |
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Dir:
647-472-6050
Bus:
905-709-7408
Fax:
905-709-7400
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Glebe - Ottawa East and Area |
| Neighbourhood: | 4407 - Ottawa East |
| Lot Size: | 61.10 x 95.80(Feet) |
| Tax: | $26,270 |
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