Jag Patel
Broker
$1,100,000
Available - For Sale
Listing ID: X12671378
474 SOMERSET Street West , Ottawa Centre, K1R 5J8, Ottawa
| Legal Short term rental! HIGH RETURN property - UNIQUE and in the heart of Centretown CENTRAL OTTAWA! LUCRATIVE Commercial residential investment with flexible zoning for other commercial or multi-residential uses if you like. Zoning code is TM14 H(20) . LOT SIZE 29 x 110 feet. In the heart of Centretown Ottawa, there are all the amenities and parks and transportation and public transportation around you. This property has a short term rental licence and has had well over $100,000 in renovations to make it gross a high amount of rent for a property of it's size. If maximizing your investment and even social impact and opportunity in the city, this property is for you. There is a strong mix of new immigrants that rent here and call this place home or a transition to a new home. With our population growth this is very valuable. GROSS INCOME: $116,832.00 (when fully rented) - EXPENSES: $29,664.15 = NOI $87,165.85 . Reach out for more info and photos and to book a viewing... WE WELCOME OFFERS! |
| Price | $1,100,000 |
| Taxes: | $12984.16 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 474 SOMERSET Street West , Ottawa Centre, K1R 5J8, Ottawa |
| Postal Code: | K1R 5J8 |
| Province/State: | Ottawa |
| Legal Description: | PT LT 25, PL 27267 , S/S SOMERSET ST AS |
| Lot Size: | 8.84 x 110.00 (Feet) |
| Directions/Cross Streets: | From Queensway E: take Catherine Street exit, turn right onto Bank, then left onto Somerset Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Office |
| Building Percentage: | T |
| Total Area: | 2809.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2535 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | % |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| RE/MAX HALLMARK REALTY GROUP |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Ottawa Centre |
| Neighbourhood: | 4103 - Ottawa Centre |
| Lot Size: | 8.84 x 110.00(Feet) |
| Tax: | $12,984.16 |
| Fireplace: | N |
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