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1314 EMPEROR AVENUE
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1314 EMPEROR AVENUE $1,560,000
$1,560,000
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1314 EMPEROR AVENUE
Ottawa, Ontario K1Z8C6

MLS® Number: 1395519

Listing Description

Your next investment opportunity in Ottawa's hot rental market...This solid brick 6-unit building is in good condition, fully rented, and offers a combination of 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels...More than six parking spots outside...6 secured storage bins & coin-operational laundry on the lower level...Centrally located property with easy access to many amenities like the 417, Merivale Road shopping, hospitals, transit, experimental farm, parks, and more...Units are spacious, and sunny with Southern exposure...Every unit has its own hydrometer, and one is for the common areas. Many renovations and upgrades over the years... Some rents are below market value with plenty of upside on future rents...The property is built on a large lot 108x100 ft with potential for future development in a rapidly growing & changing area... Gross income $89,348/Year, Operating Expenses $27,844/Year, Net Operating Income $61,504/Year. (28443970)

Property Summary

Property Type
Multi-family
Storeys
3
Neighbourhood Name
Carlington
Title
Freehold
Land Size
108 ft X 100 ft
Built in
1958
Annual Property Taxes
$11,068
Total Parking Spaces
6
Time on REALTOR.ca
143 days

Building

Building Features
Foundation Type
Block
Total Units
6
Heating & Cooling
Cooling
None
Heating Type
Hot water radiator heat (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Maintenance or Condo Information
Maintenance Management Company
Self Managed -
Parking
Total Parking Spaces
6

Land

Lot Features
Frontage
108 ft
Land Depth
100 ft
Other Property Information
Zoning Description
R4UC
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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