85 St John Street Alfred, Ontario K0B 1A0

Hot Water Radiator Heat


Attention Investors! BRAND NEW, 3-STOREY, 12 UNIT BUILDING. Built by a PREMIUM BUILDER with a successful portfolio. Immediate CASH FLOW with an estimated 5.2% CAP RATE. Completed as of July 1, 2020. & FULLY LEASED on closing! Conveniently located in the growing town of Alfred just east of Ottawa. 12 modern units with a mix 1, 2, & 3 bedroom units. Efficient hot water boiler system. ERV's (energy recovery) in each unit, 13 hydro meters (tenants pay in-unit hydro costs), ELEVATOR, 25 PARKING SPOTS incl. visitor and disabled parking, 40-year fiberglass shingles. Each apartment will be equipped with a fridge, stove, & dishwasher. Great management team in place. Income generating Laundry facilities with coinamatic card operated machines. Located a short distance to schools, grocery stores, shopping, & medical offices. Expenses are estimated based on similar completed buildings. OWN THIS BRAND NEW ASSET TODAY! (id:37684)

Property Details

MLS® Number 1194431
Property Type Multi-family
Neigbourhood Alfred
Parking Space Total 25


Constructed Date 2020
Exterior Finish Brick
Fireplace Present No
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 3
Utility Water Municipal Water


Acreage No
Sewer Municipal Sewage System
Size Depth 190 Ft ,9 In
Size Frontage 140 Ft ,1 In
Size Irregular 140.09 Ft X 190.78 Ft
Size Total Text 140.09 Ft X 190.78 Ft
Zoning Description Multi-unit



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