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Madat Kara

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Lower Town (Ottawa, Ontario, CA - K1N 7L6)
MLS® $459,000 CAD GREAT INVESTMENT PROPERTY
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"3 APTS + 1 COMMERCIAL UNIT FULLY RENTED"
 

Prudential Town Centre Realty


Madat Kara
 
Madat Kara
Email Madat
 
Phone: 613-749-7355
Cell: 613-720-4646
Fax: 613-749-2761
 
Details

Address: 195 KING EDWARD AV Type: Commercial Style: COMMERCIAL + 3 APARTMENTS Bedrooms: 6 "2 EACH IN 3 APARTMENTS" Bathrooms: 5 "TOTAL IN ALL UNITS" Garage: Single, Attached "OVERSIZED" Basement: Yes "UNDER RESTAURANT" Size: 4,000 sq. ft. "APPROX SIZE TBV" Lot Type: Rectangular Lot Size: 30ft x 73ft "PRIME CORNER" Year Built: n/a "OLDER" Taxes: $5,500.00 CAD (2008) MLS®: 727170
 
Description

FABULOUS INVESTMENT OPPORTUNITY - GROUND FLOOR RENTED TO RESTAURANT AT $1500 PER MONTH WITH 3 YEARS LEASE. APARTMENT ON GROUND FLOOR IS RIGHT BEHIND THE RESTAURANT RENTED FOR $690.00 ON MONTH TO MONTH BASIS BEEN THERE FOR 8 YEARS AND WILLING TO STAY ON. SECOND FLOOR APARTMENT HAS 2 BEDROOMS, LIVING AND DINNING ROOM WITH 9' CEILING PLUS OWN LAUNDRY FACILTY AND 2 BALCONIES, ENTIRE FLOOR IS STRIP HARDWOOD FLOORS RENTED AT 1200 PER MONTH - THIRD FLOOR IS IDENTICAL WITH RENTAL INCOME OF $1150.00 PER MONTH. TOTAL RENTAL INCOME PER ANNUM IS $ 54,480.00
 
Highlights

▪ FOUR PLEX WITH THREE 2 BEDROOMS APARTMENTS AND ONE COMMERCIAL SPACE RENTED TO RESTAURANT ▪ GAS BOILER NEW IN 2004 GAS FURNACE NEW 2005 FOR COMMERCIAL UNIT - SIDING NEW 2006 - FIRE INSPECTION 2007
▪ SECOND FLOOR APARTMENT
MASTER BEDROOM : 15.0 X 13.01
BEDROOM 2 : 14.9 X 12. 01
LIVING ROOM : 14.01 X 12.03
DINNING ROOM : 14.01 X 08.04 		▪ MASTER BEDROOM HAS 2 LARGE SLIDING DOORS OPENS TO LIVING/DINNING ROOM
▪ LOTS OF LARGE WINDOWS WITH VIEW OF DOWNTOWN ART CENTRE ▪ CROWN MOULDINGS AND HIGH CEILING GIVES IT A LOFT LOOK
▪ TOTAL RENT $ 54,480.00 MINUS TOTAL EXPENSES. $ 17,900.00
CASH FLOW BEFORE MORTGAGES IS $ 36,580 		▪ LOCATION, LOCATION, LOCATION, 193 AND 195 KING EDWARD IS AT THE CORNER OF GUIGUES AV WHICH IS JUST NORTH OF RIDEAU ST. ON EAST SIDE. WALK TO BYWARD MARKET
▪ 24 HOURS NOTICE FOR VIEWING ▪ CALL SHAMEZ CHARANIA FOR APPOINTMENTS AT 613-277-5272

Features
Interior Features
▪ Hardwood Floors ▪ Laundry Room
Sewer/Water Systems
▪ Public
Exterior Finish
▪ Brick ▪ Siding
Lot Features
▪ Corner Lot ▪ Fenced Yard
View
▪ City Lights ▪ Downtown ▪ Panoramic
Extra Features
▪ Balcony ▪ Cable Available ▪ Garage Door Opener
▪ Pets Allowed ▪ Public Transportation
Heating
▪ Hot Water / Steam ▪ Natural Gas
P2#2640593

Information is deemed to be correct but not guaranteed.must be verified for its accuracy by reader


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