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535-545 Russell Road Clarence Creek, Ontario K0A 2A0

Central Air Conditioning Forced Air, Hot Water Radiator Heat

$4,500,000

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. (id:6673)

Property Details

MLS® Number 1405496
Property Type Multi-family
Neigbourhood CHENEY
ParkingSpaceTotal 40

Building

ConstructedDate 2015
CoolingType Central Air Conditioning
ExteriorFinish Stone, Vinyl
FoundationType Poured Concrete
HeatingFuel Natural Gas, Other
HeatingType Forced Air, Hot Water Radiator Heat
StoriesTotal 3
UtilityWater Municipal Water

Land

Acreage No
Sewer Septic System
SizeDepth 254 Ft ,10 In
SizeFrontage 255 Ft ,8 In
SizeIrregular 255.63 Ft X 254.84 Ft
SizeTotalText 255.63 Ft X 254.84 Ft
ZoningDescription Rv2-10

https://www.realtor.ca/real-estate/27441826/535-545-russell-road-clarence-creek-cheney

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Marcia Nash
Broker


RE/MAX Delta Realty Team
2316 St. Joseph Blvd.
Ottawa, Ontario K1C 1E8

Daniel Dore
Salesperson


Lennard Commercial Realty
333 Preston St 4th Fl Unit 420
Ottawa, Ontario K1S 5N4