314 Somerset Street E, Ottawa, Ontario, Canada, K1N6W3

1,700,000
Sold Conditionally

About the property:

Solid six units all brick building. 5-2 bed and 1-1 bed. Fully rented; tenants have been there for a while. Present zoning: R4U (480) could be changing to CMI (480) H20. Income could be a lot higher. Grossing $111,764.00, Expenses $32,759.00, Net $80,005.00. New roof (2018). Most of the windows (17 Windows) were replaced 7 years ago. Hot Water Tanks owned. Tenants pay their own Hydro. 3+ parking spots, on-site laundry, 4 balconies, corner lot 69' x 62'. Boiler 2010, Roof 8 years old appx. In the heart of Sandy Hill. Very desirable rental market neighbourhood, within walking distance to Ottawa University.
Investment false
Property Type:
Investment
Status:
Sold Conditionally
Land Size:
69 x 62 FT
Business Type:
Commercial/Retail
Heating Type:
Gas Forced Air Closed
Cross Street:
Somerset St. E and Chapel St
Annual Property Taxes:
13,739
Listing ID:
X13242440

Rooms

Dimensions

Brokered by:
Coldwell Banker Sarazen Realty
Source: CREA
Presented By:

Nantha Aiyadurai

Real Estate Broker

Coldwell Banker Sarazen Realty, Brokerage*