$1,070,000
Available - For Sale
Listing ID: X10442375
382 BRANT St , Vanier and Kingsview Park, K1L 6V6, Ontario
| Updated & meticulously maintained 5-plex centrally located near shopping, transit, schools (uOttawa), parks and the downtown core. 5 x 1-bedroom/1 bath apartments have recent upgrades including kitchens, appliances, bathrooms, floors more. Updated windows and recently replaced roof. Each unit has storage locker in basement along with surfaced parking, as property has wide double lane driveway. Common laundry room in basement has potential for additional laundry income. Property has 6 hydro meters with each apartment on an individual meter paying their own hydro. Excellent tenants and easy to maintain and manage building. Lot has space and high density R4UA zoning for the potential to extend building, add additional structure or future building potential. Why buy land and develop, when you can buy and earn income at an appealing 5.4% cap rate today for well below the cost to acquire land, pay development/permit fees and construction costs. 5x stoves, 5x fridges, 2x dishwashers. |
| Price | $1,070,000 |
| Taxes: | $5537.00 |
| Occupancy by: | Tenant |
| Address: | 382 BRANT St , Vanier and Kingsview Park, K1L 6V6, Ontario |
| Postal Code: | K1L 6V6 |
| Province/State: | Ontario |
| Legal Description: | LT 30, PL 337; PT LT 31, PL 337 AS IN N6 |
| Lot Size: | 57.08 x 72.47 (Feet) |
| Directions/Cross Streets: | Mcarthur Ave to Brant St. |
| Category: | Apartment |
| Insurance Expense: | $2403 |
| Water Expense: | $2642 |
| Gross Income/Sales: | $68820 |
| Operating Expenses: | $15188 |
| Net Income Before Debt: | $53632 |
| Heat Type: | Water |
| Central Air Conditioning: | None |
| Sewers: | Sewers |
| Water: | Municipal |
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| UPPABE INCORPORATED |
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Sharon Soltanian
Broker Of Record
Dir:
416-892-0188
Bus:
416-901-8881
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3404 - Vanier |
| Lot Size: | 57.08 x 72.47(Feet) |
| Tax: | $5,537 |
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