$3,565,000
Available - For Sale
Listing ID: X11228242
5931 Perth St , Stittsville - Munster - Richmond, K0A 2Z0, Ontario
| Welcome to Richmond, the fast developing rural suburb of Ottawa in the heart of the Greenbelt. This is an incredible opportunity to invest in the residential rental property in the heart of Richmond at a a fair price. This property consists of 16 x one bedroom apartments of various sizes, average rent is $1,182/month, meaning there is significant upside potential. The owner has been renovating units as they become available, however there are a number that still need upgrading. The building is built on a slab so all units are direct walk-in and could easily be converted to a seniors residence. Unit sizes vary from 500sq ft to close to 800sq ft which provide potential to add a second bedroom and higher rents. The owner has also installed coin op washer and dryers plus a reverse osmosis water system that sells bottled water for additional income. Another feature is that the property enjoys a residential tax rate that is far lower than comparable properties. In considering this property, buyers should be aware that the property is slightly larger than an acre and given it's corner location on the main street it could easily provide the cornerstone of a land assembly. Property has been owner managed for 27yrs and all maintenance issues are dealt with promptly. |
| Price | $3,565,000 |
| Taxes: | $21874.68 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 5931 Perth St , Stittsville - Munster - Richmond, K0A 2Z0, Ontario |
| Postal Code: | K0A 2Z0 |
| Province/State: | Ontario |
| Legal Description: | PCL 24-1, SEC 4D-22 ; UNIT 24, PL 4D-22 |
| Lot Size: | 150.67 x 248.75 (Feet) |
| Directions/Cross Streets: | Perth Street |
| Category: | Apartment |
| Use: | Apts-13 To 20 Units |
| Building Percentage: | Y |
| Total Area: | 1.10 |
| Total Area Code: | Acres |
| Area Influences: | Grnbelt/Conserv Rec Centre |
| Approximatly Age: | 51-99 |
| Business/Building Name: | Perth Inn Motor Hotel |
| Financial Statement: | Y |
| Chattels: | N |
| Franchise: | N |
| LLBO: | N |
| Taxes Expense: | $21875 |
| Insurance Expense: | $8548 |
| Management Expense: | 11181 |
| Hydro Expense: | $1736 |
| Water Expense: | $9300 |
| Other Expenses: | $7085 |
| Gross Income/Sales: | $227016 |
| Operating Expenses: | $71725 |
| Vacancy Allowance: | 3405 |
| Net Income Before Debt: | $161486 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | N |
| Outside Storage: | N |
| Crane: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | N |
| Water: | Well |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX ABSOLUTE SAM MOUSSA REALTY |
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|
Zannatal Ferdoush
Sales Representative
Dir:
647-528-1201
Bus:
647-528-1201
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Stittsville - Munster - Richmond |
| Neighbourhood: | 8204 - Richmond |
| Lot Size: | 150.67 x 248.75(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $21,874.68 |
| Maintenance Fee: | $12,000 |
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