What an investor wants - good income - great location- good tenants and a turn key property. Look no further ! This is it - great building that has one apartment per floor. Excellent centretown location on a handsome block steps from Dundonald Park and close to all the amenities for shopping and dining that urban living is all about.
A rear 3 storey addition completed in 1996 along with legal basement unit, all done through the City with permits.
2012/2013 : Roof & Rebuild front porch 2018 : Hot Water high efficiency Boiler (Furnace). Pump & Hot Water Tanks (2) 201720/18 : Foundation: full excavation, waterproofing and weeping tile. Retrofit March 2006
Please call Stephanie for showing or further details 613.296.6708
Just the facts:
Revenue Cash Flow
Rents
Apartment 1. Basement. $1650.00/month. 2 bedroom. Lease September 2021-August 2022. Included I rent, heat, water and hydro.
Apartment 2. Main Floor. $2170.00/month + hydro. 3 bedroom. Lease September 2021-August 2022. Included in rent, 1 parking space, heat and water.
Apartment 3. Second Floor. $2270.00/month + hydro. 3 bedroom. Lease January 2022-July 2023. Included in rent, 1 parking space, heat and water.
Apartment 4. Third Floor. $2095.00/month. 3 bedroom. Lease September 2021-August 2022. Included in rent heat and water.
Extra Parking Spaces (2) - $2800.00 Annually Laundry Machines – ($125/month). $1500.00 Annually ($1.75 per load, wash and dry)
Total Annual Gross Income: $102,520.00
Expenses 2021
Utilities: Heat $2600.00 Hydro $1275.00 Water $2200.00
Insurance: $4248.00 Maintenance: Miscellaneous $3050.00 (includes $650.00 for snow removal).
Property Taxes: $12,725.00 (2021).
Total Annual Operating Expenses 2021 - $26,098
Total Net Operating Income - $76,822 (GI $102,520 – OE $26,098)
cartwright/teskey 613.296.6708