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$2,999,000
Available - For Sale
Listing ID: X12003657
A 5-year-old purpose-built 8-unit apartment building with fully furnished open-concept units, including six 2-bedroom and two 1-bedroom apartments. The property is located close to Montfort Hospital, amenities, and shopping just off Beechwood Ave., near Rockcliffe Park and within walking distance to the Rideau River, offering year-round recreational activities including skating, cross-country skiing, snowshoeing, walking, cycling, swimming, tennis, rowing, and sailing. Gross yearly rent = $231,122.28. Individual rents are as follows: (1) $2,190, (2) $2,500, (3) $1,950, (4) $2,357.50, (5) $2,639.38, (6) $2,610.81, (7) $2,450, (8) $2,562.50. Expenses include taxes: $26,712, hydro: $5057, water: $4,108, gas: $12,263, maintenance: $11,140, management: $8,784, insurance: $6714, advertising: $1,116, Admin $557, Structrual Reserve Allowance $4,562, Total yearly expenses = $81,017. In Financial Information, under Other Expenses, $6,236 is a combination of advertising ($1,116) plus administration ($557) and Structrual Reserve Allowance $4,562
Price $2,999,000
Taxes: $26,712
Tax Type: Annual
Occupancy by: Tenant
Address: 12 JOLLIET Avenue , Vanier and Kingsview Park, K1L 5H5, Ottawa
Postal Code: K1L 5H5
Province/State: Ottawa
Legal Description: PLAN M25 PT LOT 230
Lot Size: 12.17 x 99.85 (Feet)
Directions/Cross Streets: Beechwood Avenue to Jolliet Avenue.
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Washroom 26 0
Washroom 27 0
Washroom 28 0
Washroom 29 0
Washroom 30 0
Washroom 31 0
Washroom 32 0
Washroom 33 0
Washroom 34 0
Washroom 35 0
Washroom 36 0
Washroom 37 0
Washroom 38 0
Washroom 39 0
Washroom 40 0
Washroom 41 0
Washroom 42 0
Washroom 43 0
Washroom 44 0
Washroom 45 0
Washroom 46 0
Washroom 47 0
Washroom 48 0
Washroom 49 0
Washroom 50 0
Washroom 51 0
Washroom 52 0
Washroom 53 0
Washroom 54 0
Washroom 55 0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 5,800
Total Area Code:  Square Feet
Financial Statement: F
 Management Expense: 8784
Maintenance: 0
Water Expense: $4108
Vacancy Allowance: 4562
Net Income Before Debt: $145545
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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RE/MAX HALLMARK REALTY GROUP

12 JOLLIET Avenue , Vanier and Kingsview Park, K1L 5H5, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3402 - Vanier
Style:
Lot Size: 12.17 x 99.85(Feet)
Approximate Age:
Tax: $26,712
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854

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Maria Tompson
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Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com



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