1314 Emperor Ave - Apartments FOR SALE


Ottawa, ON K1Z 8C6
$1,560,000 CAD
613-302-7179
1314 Emperor Ave, Ottawa, ON for Sale
$1,560,000 CAD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1314 Emperor Ave
Ottawa, ON K1Z 8C6


HIGHLIGHTS

  • 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels
  • More than six parking spots outside...6 secured storage bins & coin-operational laundry on the lower level
  • Fully rented

OVERVIEW

Solid brick 6-unit building is in good condition, fully rented, and offers a combination of 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels...More than six parking spots outside...6 secured storage bins & coin-operational laundry on the lower level...Centrally located property with easy access to many amenities like the 417, Merivale Road shopping, hospitals, transit, experimental farm, parks, and more...Units are spacious, and sunny with Southern exposure...Every unit has its own hydro meter and one for the common areas...Many renovations and upgrades over the years... Some rents are below market value with plenty of upside on future rents...The property is built on a large lot 108x100 ft with future potential for development in a rapidly growing & changing area...Revenues $89,348/Year, Expenses $27,844/Year, Net Income $61,504/Year.

FOR SALE DETAILS

PRICE

$1,560,000 CAD

PRICE/SF

$370 CAD /SF

# OF UNITS

6

PRICE/UNIT

$260,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,764 SF

ZONING

R4UC

APN/PARCEL ID

061408470165900

ASK ABOUT THIS PROPERTY

Hassan WahabReal Estate Solutions CorpMore Info
613-302-7179

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Hassan WahabReal Estate Solutions CorpMore Info
613-302-7179

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.