Golden opportunity for development or cash flow!Currently operating as a 11 unit mix used apartment building with 2 commercial ground floor units (restaurant and coffee shop ) with 9 Very Unique residential apartment units. Large building approximately 13,000 sq/ft not including basement on a large 66' X 100' lot (approx). Potential Cap rate of 6.15%. Income and Expenses are projected assuming no vacancies . Commercial ground floor use is Grandfathered. Sold as is, where is, no warranties. Please see attachment, Schedule B attachment must accompany all offers. Taxes approximate as per City of Ottawa Tax Estimater. Viewings (48 hours notice) Sold as is, where is, no warranties. 48 hour Irrevocable on all offers. (Neighboring property may be purchased as a 1st refusal option and will be sold as land value, the building requires renovation for compliance). (id:2579)
Listing courtesy of RE/MAX HALLMARK REALTY GROUP.