SOLD 496 Cooper Street- Income

Centretown | Ottawa

$1,795,000

Request A Viewing Contact Us

Hard to find - Excellent Investment Property

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

The Spaces

Apt 2: Main floor Level- 3 bedroom apartment

Livingroom - 20' x 14'

Kitchen - 15' x 10'

Principal Bedroom - 15' x 13'

dcc

Bedroom - 12' x 9'

dcc

Bathroom

4pc, seperate shower

Bedroom - 12' x 9'

dcc

Apt 3- Second floor level - 3 bedroom plus den apartment

Livingroom - 20' x 14'

Kitchen - 14' x 10'

Principal Bedroom - 15' x 10.6'

dcc

Bedroom - 12' x 9'

dcc

Bedroom - 12' x 9'

dcc

Bathroom - 11`' x 7'

4pc separate shower and tub

Den - 11.6' x 10.6 '

door to front porch , open to living room.

Apartment # 4 : Third floor level - 3 bedroom apartment

Livingroom - 16' x 14'

Kitchen - 10' x 10'

Principal Bedroom - 16' x 13'

dcc

Bedroom - 9.6' x 9.6'

closet

Bedroom - 9.6' x 9.6'

Bathroom - 10' x 9'

4pc separate shower and tub

Apt 1 Basement Level- 2 bedroom apartment

Consists of Living room 21 x 10 , Kitchen 16 x 12 with eating counter, Bedroom 11.6 x 8.6, Bedroom 11.6 x 8.6 , Full bathroom 9.6 x 8 with separate shower and tub

Common Laundry Room

Utility Room

Info & Facts

Bedrooms:3-3 bed 1 -2 bed

Bathrooms:4

Taxes:$12725

LOT SIZE IS 42 X 112.41

LEGAL PLAN 15061 LOT 21 EPT COOPER SRP5R 5976 PART 2

 

 

 

 

4 fridges

4 stoves

4 dishwashers

1 coin operated washer and dryer

2 hot water tanks

all lighting fixtures ( except if tenants) 

Neighbourhood Map

Interested? Let’s Talk.

(613) 296-6708 Email Us