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Clarence-Rockland
535-545 RUSSELL ROAD
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535-545 RUSSELL ROAD $4,500,000
$4,500,000
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535-545 RUSSELL ROAD
Clarence Creek, Ontario K0A2A0

MLS® Number: 1405496

Listing Description

Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership. (28847322)

Property Summary

Property Type
Multi-family
Storeys
3
Neighbourhood Name
CHENEY
Title
Condominium/Strata
Land Size
255.63 ft X 254.84 ft
Built in
2015
Annual Property Taxes
$42,675
Total Parking Spaces
40
Time on REALTOR.ca
63 days

Building

Building Features
Foundation Type
Poured Concrete
Total Units
20
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas), Hot water radiator heat (Other)
Utilities
Utility Sewer
Septic System
Water
Municipal water
Exterior Features
Exterior Finish
Stone, Vinyl
Maintenance or Condo Information
Maintenance Management Company
Self Managed -
Parking
Total Parking Spaces
40

Land

Lot Features
Frontage
255 ft ,8 in
Land Depth
254 ft ,10 in
Other Property Information
Zoning Description
RV2-10
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7
Marcia Nash
Broker
613-913-6577
Email
Book showing
RE/MAX DELTA REALTY TEAM
2316 ST. JOSEPH BLVD.
OTTAWA, Ontario K1C1E8
613-830-0000
613-830-0080
Office Website
Daniel Dore
Salesperson
613-963-2640
REALTOR® Website
Email
Book showing
LENNARD COMMERCIAL REALTY
333 PRESTON ST 4TH FL UNIT 420
OTTAWA, Ontario K1S5N4
613-963-2640
613-963-2630

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