5 Renfrew Street Petawawa, Ontario K8H 0B6

$4,800,000

A rare opportunity to acquire three well-maintained multi-residential buildings, each offering 8 fully self-contained units for a total of 24 rental apartments. All units are currently tenant occupied, providing immediate and consistent rental income in Petawawa's strong rental market. Ideally located close to Garrison Petawawa, with convenient access to CNL and Pembroke, this property offers an excellent combination of location, stability and investment potential. Zoned R3-E8, the property provides a desirable multi-residential use with zoning provisions, along with detailed income and expense information upon request with a signed NDA. Each unit has separate hydro metering, with tenants responsible for their own heat and hydro costs, helping keep operating expenses manageable. Built new in 2012, the buildings offer a low-maintenance investment with modern construction and units that remain in demand. Convenient onsite storage is also available, with 18 separate storage units providing tenants with additional secure space for their belongings. Opportunity for higher rents with some units when tenants turnover. With 24 units, strong occupancy and a desirable Petawawa location, this is an exceptional opportunity for investors seeking a substantial multi-residential asset with established income. Gross Rents Yearly: $346,619.16. Operating Expenses Yearly: $117063.16. Net Income Yearly: $229,556.00. Please allow 48 hours irrevocable on all offers. (id:43934)

Property Details

MLS® Number	X13688928
Property Type	Multi-family
Community Name	520 - Petawawa

Building

Appliances	Dishwasher, Dryer, Microwave, Washer
Cooling Type	None
Heating Type	Baseboard Heaters
Size Interior	1 Acres
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	Yes
Size Depth	311 Ft
Size Frontage	144 Ft ,7 In
Size Irregular	1
Size Total	1 Ac
Size Total Text	1 Ac
Zoning Description	R3-e8

https://www.realtor.ca/real-estate/30170382/5-renfrew-street-petawawa-520-petawawa