$ 4,500,000
535-545 RUSSELL ROAD Clarence Creek, ON K0A2A0
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,500,000
Est. payment /mo
Active
535-545 RUSSELL ROAD Clarence Creek, ON K0A2A0
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium/Strata
Listing Status Active
Purchase Type For Sale
Subdivision Cheney
MLS® Listing ID 1405496
Originating Board Ottawa Real Estate Board
Year Built 2015
Property Description
Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership. (id:24570)
Location
Province ON
Interior
Heating Forced air, Hot water radiator heat
Cooling Central air conditioning
Exterior
Garage No
View Y/N No
Total Parking Spaces 40
Private Pool No
Building
Story 3
Sewer Septic System
Others
Ownership Condominium/Strata
Listed by RE/MAX DELTA REALTY TEAM