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$1,190,000
Available - For Sale
Listing ID: X12370476
More CASH FLOW... ask for Financial spreadsheet **SELLER IS NEGOTIABLE and the ROI is now higher - assumable VARIABLE mortgage on the property NOW AT 3.9%** TURN KEY easily managed property and CASH FLOW from Day 1! INCOME GENERATING OPPORTUNITY...Investors - Don't miss out on this LEGAL nc FOURPLEX located in DOWNTOWN OTTAWA (PRIME LOCATION)! With a healthy mix of professionals and students, this area attracts them all. There are two-2 Bedrm units and two-1 Bedrm units. One of the 2-bedrms has a den as well. On-site maintenance person at a low cost already maintains the property, so you don't have to! Featuring a total of 6 bedrooms and 4 full bathrooms, separate COIN OPERATED LAUNDRY ROOM, 4 hydro meters, and easy-to-maintain layout (low snow shoveling and no grass cutting) . Perfect for new or seasoned investors! GROSS INCOME: $90,197/yr. (-) OPERATING EXPENSES: $27,843/yr = NOI: $62,354 NOI. Rent gets the standard increase each year. All units are already tenant-occupied with long-term tenants who wish to stay, providing immediate rental income from day one. Rents paid on time. Located close to the University of Ottawa, shopping, dining, entertainment, the Rideau River and major commuter routes, this is a highly desirable area for renters. Are you looking for an investment property with massive upside? This is it. The door is open for the next savvy investor looking to expand their portfolio and secure a long-term income-producing asset. Call today to schedule a showing and secure your piece of prime real estate Downtown Ottawa NOW while still affordable - ahead of plans by the Ottawa Board of Trade to further grow residential and commercial footprint.
Price $1,190,000
Taxes: $10,052.55
Occupancy by: Tenant
Address: 64-62 COBOURG Street , Lower Town - Sandy Hill, K1N 8G8, Ottawa
Lot Size: 10.05 x 66.5 (Feet)
Directions/Cross Streets: Trans-Canada Hwy/ON-417 - to EXIT 118 (Nicholas St) - drive down Nicholas St - LEFT on Laurier Ave E
Rooms: 12
Rooms +: 0
Bedrooms: 6
Bedrooms +: 0
Washrooms: 4
Family Room: F
Basement: Unfinished
No. of Pieces Level
Washroom 1:  4
Washroom 2:  4
Washroom 3:  3
Washroom 4:  3
Washroom 5:  0
Washroom 6:  4
Washroom 7:  4
Washroom 8:  3
Washroom 9:  3
Washroom 10:  0
Washroom 11:  4
Washroom 12:  4
Washroom 13:  3
Washroom 14:  3
Washroom 15:  0
Washroom 16:  4
Washroom 17:  4
Washroom 18:  3
Washroom 19:  3
Washroom 20:  0
Washroom 21:  4
Washroom 22:  4
Washroom 23:  3
Washroom 24:  3
Washroom 25:  0
Washroom 26:  4
Washroom 27:  4
Washroom 28:  3
Washroom 29:  3
Washroom 30:  0
Washroom 31:  4
Washroom 32:  4
Washroom 33:  3
Washroom 34:  3
Washroom 35:  0
Washroom 36:  4
Washroom 37:  4
Washroom 38:  3
Washroom 39:  3
Washroom 40:  0
Washroom 41:  4
Washroom 42:  4
Washroom 43:  3
Washroom 44:  3
Washroom 45:  0
Washroom 46:  4
Washroom 47:  4
Washroom 48:  3
Washroom 49:  3
Washroom 50:  0
Washroom 51:  4
Washroom 52:  4
Washroom 53:  3
Washroom 54:  3
Washroom 55:  0
Washroom 56:  4
Washroom 57:  4
Washroom 58:  3
Washroom 59:  3
Washroom 60:  0
Washroom 61:  4
Washroom 62:  4
Washroom 63:  3
Washroom 64:  3
Washroom 65:  0
Washroom 66:  4
Washroom 67:  4
Washroom 68:  3
Washroom 69:  3
Washroom 70:  0
Washroom 71:  4
Washroom 72:  4
Washroom 73:  3
Washroom 74:  3
Washroom 75:  0
Washroom 76:  4
Washroom 77:  4
Washroom 78:  3
Washroom 79:  3
Washroom 80:  0
Property Type: Fourplex
Style: 2 1/2 Storey
Exterior: Other
Garage Type: None
Drive Parking Spaces: 0
Pool: None
Approximatly Square Footage: 2000-2500
Property Features: Public Trans
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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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 $ $ $ $

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

64-62 COBOURG Street , Lower Town - Sandy Hill, K1N 8G8, Ottawa

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Fourplex
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4002 - Lower Town
Style: 2 1/2 Storey
Lot Size: 10.05 x 66.50(Feet)
Approximate Age:
Tax: $10,052.55
Maintenance Fee: $0
Beds: 6
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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