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). 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.
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