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1943 St Joseph Boulevard Ottawa, Ontario K1C 2E2

$700,000

Future development opportunity in prime high traffic location of St Joseph Blvd corridor! Walking distance to the future LRT extension in Orleans. Zoned Arterial Mainstreet. Property currently rented at $2200/month on a 5 year lease which commenced July 2018. (Agreed $200/month increase every year). Tenants pays heat, hydro & water. 2019 Gross income: $74,400. Total expenses: $9600. Net income: $64,800 (these numbers are across both properties). Properties are eligible for St. Joseph Community Improvement Plan subsidies which is a 75% reimbursement of incremental taxes paid for redevelopment, for a period of 10 years. (id:26214)

Property Details

MLS® Number 1135954
Property Type Vacant Land
Neigbourhood Orleans
Community Name Gloucester

Building

Fireplace Present No

Land

Acreage No
Size Depth 186 Ft
Size Frontage 81 Ft ,9 In
Size Irregular 0.32
Size Total 0.32 Ac
Size Total Text 0.32 Ac
Zoning Description Commercial/mixed Use

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20224765

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