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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 3302 - Lindenlea
MLS Listing ID X13008696
Annual Tax Amount $9,311
Tax Year 2026
Property Sub-Type Investment
Property Description
Cap Rate = 5.6%. Fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. New bathrooms and kitchens w quartz countertops, new flooring, fridges, dishwashers, washer-dryers, microwaves and hot water tanks in all units in winter of 2021. New wiring and plumbing throughout. Building fully occupied with young professionals. Average lease length of 2 years, creating ample opportunity to increase rents to market value without additional capital improvements. Annual gross income of $143k. NOI of $121k. Electric heat, separate meters for each unit, tenants pay hydro. Two 1 bedroom garden-level walkout units with their own green space. Two 1 bedroom 1st floor units with private, west facing decks. Two 1 bedroom and den 2nd story units with private, east facing decks. Units rent from $1,800/ month to $2,200/month. Parking for 6 cars in adjacent lot, also for sale separately or combined. (See MLS: 13010148) Rent roll for all 6 units available. Recent survey available. Safe, popular, leafy neighbourhood with many attractive amenties within short walking distance, including Metro, LCBO, Starbucks, Bridgehead, Pet Value, vet clinics, restaurants and specialty shops. Bike and jogging paths, and winding, secluded streets of Rockliffe Park only a stones throw away. Great location and excellent investment opportunity.
Location
State ON
County Ottawa
Area Ottawa
Zoning RU4D
Interior
Cooling No
Inclusions All appliances: fridges, stoves, dishwashers, microwaves, washer / dryers, microwaves, HW tanks
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 38.1
Lot Depth 43.6
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by DIGI BROKERAGE