381-383 Montreal Road Ottawa, Ontario K1L 6A8


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


Constructed Date 1960


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



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