1314 Emperor Ave
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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 | Building Class | C |
Price Per Unit | $180,089 USD | Lot Size | 0.25 AC |
Sale Type | Investment | Building Size | 3,600 SF |
No. Units | 6 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 3 |
Property Subtype | Apartment | Year Built | 1958 |
Apartment Style | Low Rise |
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 | - | - |
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Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (86)
zoning
Zoning Code | R4UC |
R4UC |
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1314 Emperor Ave
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