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1314 Emperor Ave

6 Unit Apartment Building $1,080,534 USD ($180,089 USD/Unit) Ottawa, ON K1Z 8C6

Investment Highlights

  • 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels
  • Fully rented
  • More than six parking spots outside...6 secured storage bins & coin-operational laundry on the lower level

Executive Summary

Solid brick 6-unit building is in good condition, fully rented, and offers a combination of 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels...More than six parking spots outside...6 secured storage bins & coin-operational laundry on the lower level...Centrally located property with easy access to many amenities like the 417, Merivale Road shopping, hospitals, transit, experimental farm, parks, and more...Units are spacious, and sunny with Southern exposure...Every unit has its own hydro meter and one for the common areas...Many renovations and upgrades over the years... Some rents are below market value with plenty of upside on future rents...The property is built on a large lot 108x100 ft with future potential for development in a rapidly growing & changing area...Revenues $89,348/Year, Expenses $27,844/Year, Net Income $61,504/Year.

Property Facts

Price $1,080,534 USD
Price Per Unit $180,089 USD
Sale Type Investment
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.25 AC
Building Size 3,600 SF
Average Occupancy 100%
No. Stories 3
Year Built 1958

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 - -
2+1 4 - -
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R4UC
R4UC
  • Listing ID: 32207792

  • Date on Market: 6/21/2024

  • Last Updated:

  • Address: 1314 Emperor Ave, Ottawa, ON K1Z 8C6

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