$1,595,000
Available - For Sale
Listing ID: X11960040
4 Eccles Stre , West Centre Town, K1R 6S2, Ottawa
| This is a fantastic opportunity to own a turn key 8-unit investment property, with phenomenal cash flow! Perfectly situated only steps from Lebreton Flats, Little Italy and Chinatown, in a community filled with a diversity of restaurants, cozy cafes and all the amenities of living downtown. Public transit is within a block with quick access to the LRT station which runs through Lebreton Flats. Gross income of $138k+ with an NOI of $100k+. This is an outstanding investment opportunity at a 6.3% cap rate. This building is well maintained and in great condition with recently renovated units and a solid tenant base comprised primarily of young professionals. This building is extremely easy to manage and boasts a cooperative relationship between the owner and the tenants. All units are located above-grade and comprised of 3 spacious and bright two-bedroom units, two one-bedroom units and three bachelor suites. The impressive top floor two-bedroom unit was recently fully renovated with a new kitchen, new bathroom, full interior painting, new laminate flooring and fixtures throughout. A profitable coin operated laundry is in the basement with ample storage space for tenants. The property sits on a 71 x 46 lot with R4UB zoning and the spacious side lot (which currently holds 7 parking spaces) offers the potential for future development opportunity to add additional units. |
| Price | $1,595,000 |
| Taxes: | $19149.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 4 Eccles Stre , West Centre Town, K1R 6S2, Ottawa |
| Postal Code: | K1R 6S2 |
| Province/State: | Ottawa |
| Lot Size: | 71.41 x 46.16 (Feet) |
| Directions/Cross Streets: | Eccles Street & Bell Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 4750.00 |
| Total Area Code: | Square Feet |
| Taxes Expense: | $19149 |
| Insurance Expense: | $7207 |
| Heat Expenses: | $3557 |
| Hydro Expense: | $1986 |
| Water Expense: | $2929 |
| Other Expenses: | $3928 |
| Gross Income/Sales: | $138047 |
| Operating Expenses: | $38756 |
| Net Income Before Debt: | $99291 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Part |
| Washrooms: | 0 |
| Outside Storage: | F |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
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| CAPITAL COMMERCIAL INVESTMENT CORP. |
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HARMOHAN JIT SINGH
Sales Representative
Dir:
(416) 884 7486
Bus:
(905) 793 7797
Fax:
(905) 593 2619
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | West Centre Town |
| Neighbourhood: | 4205 - West Centre Town |
| Lot Size: | 71.41 x 46.16(Feet) |
| Tax: | $19,149 |
| Fireplace: | N |
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