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$ 2,650,000
Est. payment | /mo
5,610 SqFt
$ 2,650,000
Est. payment | /mo
5,610 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,610 sqft
Price per Sqft $472
Subdivision 5003 - Westboro/Hampton Park
MLS Listing ID X12256609
Building Age 6-15
Annual Tax Amount $22,559
Tax Year 2025
Property Sub-Type Investment
Property Description
LOCATION LOCATION! Modern Newer Built (2013) 8 unit complex in the sought after Westboro/Hampton Park community of Ottawa. Complex consists of 2 x one bedroom and 6 x two bedroom units all with top end finishes including granite counter tops, hardwood floors and stainless steel appliances. Each unit has access to an outdoor space (balcony/entrance), large bedrooms and plenty of natural light. Storage for garbage, recycling and composting available for tenants. Complex is low maintenance with A+ tenants. Lots of room for future rental increases with tenant turnover. 2024 NOI $119,483 and CAP 4.5%; 2025 NOI $129,495.11 and CAP 4.9%; 2026 NOI $137,767.80 and Cap 5.2% (based on recent turnovers and standard rental increases of 2.5%). Assumable CMHC mortgage @4.5% if needed- matures May 2029.
Location
State ON
County Ottawa
Community 5003 - Westboro/Hampton Park
Area Ottawa
Interior
Cooling Yes
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 100.0
Listed by RE/MAX HALLMARK REALTY GROUP
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