Ottawa Realtor Michele Xu

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535-545 RUSSELL ROAD

Clarence Creek, Ontario K0A2A0

$4,500,000 for sale

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MLS®:
1405496
Contract Days:
66
Community:
CHENEY
Ownership:
Condominium/Strata
Property Type:
RV2-10
Total Size:
255.63 ft X 254.84 ft
Built Date:
2015
Parking:
40
Bedrooms:
+
Bathrooms:
Interior Features
Construction Style:
Total Stories:
3
Total Bedrooms:
Bedrooms Above Ground:
Bedrooms Below Ground:
Total Bathrooms:
Whole Bathrooms:
0
Half Bathrooms:
Basement Type:
Basement Development:
Appliances:
Exterior Features
Built Date:
2015
Exterior Finish:
Stone, Vinyl
Foundation Type:
Poured Concrete
Utitilies
Heating Type:
Forced air, Hot water radiator heat
Heating Fuel:
Natural gas, Other
Cooling Type:
Central air conditioning
Utility Water:
Municipal water
Sewer:
Septic System
Total Fireplaces:
Type
Level
Size

Note

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:19004)

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