381-383 Montreal Road Ottawa, Ontario K1L 6A8
$1,700,000
Fully-leased mixed-use building on corner lot. Tenants pay their own hydro, separate meters (four), Natural Gas boiler/ radiators (replaced 2020).Roof replaced 2009 and 2022, Windows replaced 2005. Second floor units have fridge, stove, washer and dryer (apts #1 & #2). Foundation repaired and new cement veranda with metal roof 2020. All Units renovated (electrical and plumbing) in the last five years. Main tenant 2 more years on leases. Commercial tenants pay their portion of property taxes $400.00 per month ($4800.00 per year). Zoned mixed use (commercial & residential).Existing mortgage is at residential rate. Total expenses are $20,840 (including taxes, insurance & utilities). The total annual gross income is approx. $103,800.00 and the total annual net income is approx. $82,959. (id:37684)
Property Details
| MLS® Number | 1337108 |
| Property Type | Retail |
| Neigbourhood | Vanier |
| Community Name | Vanier |
| Parking Space Total | 7 |
Building
| Constructed Date | 1960 |
Land
| Acreage | No |
| Size Depth | 76 Ft |
| Size Frontage | 56 Ft ,7 In |
| Size Irregular | 56.6 Ft X 76 Ft |
| Size Total Text | 56.6 Ft X 76 Ft |
| Zoning Description | Mixed Use |
https://www.realtor.ca/real-estate/25472384/381-383-montreal-road-ottawa-vanier
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April 15 2023 06:11:11
Ottawa Real Estate Board
Exp Realty
