A 5-year-old purpose-built 8-unit apartment building with fully furnished open-concept units, including six 2-bedroom and two 1-bedroom apartments. The property is located close to Montfort Hospital, amenities, and shopping just off Beechwood Ave., near Rockcliffe Park and within walking distance to the Rideau River, offering year-round recreational activities including skating, cross-country skiing, snowshoeing, walking, cycling, swimming, tennis, rowing, and sailing. Gross yearly rent = $228,145.56. Individual rents are as follows: (1) $2,190, (2) $2,500, (3) $1,950, (4) $2,300, (5) $2,575, (6) $2,547.13, (7) $2,450, (8) $2,500. Expenses include taxes: $26,712, hydro: $4,680, water: $4,080, gas: $5,436, maintenance: $9,384, management: $8,784, insurance: $4,440, and advertising: $1,116. Total yearly expenses = $64,632. (id:19004)
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