535-545 Russell Road Clarence-Rockland, Ontario K0A 2A0
$4,500,000
Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership. (id:43934)
Property Details
| MLS® Number | X9519706 |
| Property Type | Multi-family |
| Neigbourhood | CHENEY |
| Community Name | 607 - Clarence/Rockland Twp |
| ParkingSpaceTotal | 40 |
Building
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding, Stone |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 254 Ft ,10 In |
| SizeFrontage | 255 Ft ,7 In |
| SizeIrregular | Unit=255.63 X 254.84 Ft ; 0 |
| SizeTotalText | Unit=255.63 X 254.84 Ft ; 0 |
| ZoningDescription | Rv2-10 |
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November 29 2024 08:10:32
Ottawa Real Estate Board
RE/MAX Delta Realty Team, Lennard Commercial Realty