March 21, 2018    中文(简体)   
Listing Detail   


$499,000  For Sale
MLS® No:
6599 FOURTH LINE ROAD, North Gower, Ontario, Canada, K0A2T0
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Exterior Finish:
Heat Source:
Heat Type:
Baseboard heaters
Fire Place:

8. 24% CAP RATE when self-managed and maintained! This 6 unit RESIDENTIAL BUILDING on the MAIN STREET in North Gower - is 25 min from the heart of Ottawa, 15 min from Barrhaven. VERY RARE and VERY PROFITABLE. On well and Septic, so NO water/sewer bills! Septic tank is 20yrs old, pumped every 2 years (last pump 2017). Some small updates needed: Metal roof to be painted, small porch roof to be replaced. Currently only 2 of the 5 parking spaces are being used. Parkiing on both sides of the building. Lot is 65 ft wide x 97 ft deep. All units are LARGE 1-bedrm units, w/ flooring and random updates. All TENANTS on lease since 2017 and pay $675/month + heat and hydro. One unit is vacant for purpose of viewing and will rent for $675. Laundry is $1800/yr++. Gross income is $50, 400/yr incl laundry and fully leased. Expenses - Hydro for common areas and laundry $1379 + Property taxes $4518 + Insurance $3475 = $9372/yr. Total Net Operating Income - $41, 438/yr. (id:5856)
Listing Contracted With: RE/MAX HALLMARK REALTY GROUP (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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John PhanBrokerDirect: (613)796-3688Bus: (613)596-5353

RE/MAX Hallmark Realty Group, Brokerage, Independently Owned & Operated