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$2,550,000
Available - For Sale
Listing ID: X12318090
Tired of residential tenants? Invest in a well-maintained multi-purpose building with strong anchor tenants in one of Ottawas premier rental markets - Sandy Hill. This cornerstone opportunity can be the one that carries your entire portfolio, because the owner is able to offer a favourable VTB for qualified borrowers. With 20% down you can cashflow over $2000/month from day 1! This standalone building offers the main floor and basement restaurant / bar with over 3100 sq ft, as well as two 2-bedroom units totalling approx. 1560 sq ft. on the upper floors. NOI approx. 161k, which is a 6.3% CAP rate, which is almost impossible to beat in this area right now. Parking for up to 4 vehicles. Situated close to the Rideau Centre, U of O, Adawe Bridge, Access to 417, 48 hours notice for all showings, and 48 hours notice for all offers.
Price $2,550,000
Taxes: $22,206
Tax Type: Annual
Occupancy by: Tenant
Address: 246 Laurier Avenue East , Lower Town - Sandy Hill, K1N 6P4, Ottawa
Postal Code: K1N 6P4
Province/State: Ottawa
Directions/Cross Streets: Located at the corner of Laurier Avenue East and Nelson Street.
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Category: Store With Apt/Office
Building Percentage: T
Total Area: 4,706
Total Area Code:  Square Feet
Office/Appartment Area: 1560
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Business/Building Name: Nelson Pub & Eatery
Franchise: F
 Management Expense: 0
Maintenance: 0
Water Expense: $650
Net Income Before Debt: $160970
Expenses Actual/Estimated: $Act
Sprinklers: Yes
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK REALTY GROUP

246 Laurier Avenue East , Lower Town - Sandy Hill, K1N 6P4, Ottawa

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Com - Store W Apt/Office
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4004 - Sandy Hill
Style:
Lot Size: x 71.00(Feet)
Approximate Age:
Tax: $22,206
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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