$3,400,000
FOR SALE

Investment

Lot: 59.31 x 127.96 ft
2023 Taxes: $37,056

1160 MERIVALE Rd
Carlington - Central Park, ON K1Z 6B5 | 5301 - Carlington | Ottawa

This purpose-built 16 unit is well maintained and walking distance to many amenities including the experimental farms, transit, dining and shopping. The building offers a mix of 4 bachelor apartments and 12 one bedroom apartments with an elevator, onsite fitness room, coin operated laundry facilities, and a total of 11 parking spots. Each unit is separately metered for hydro and has one - two balconies. This is a Great Investment opportunity with Significant Upside Potential in NOI. Sellers will Consider a VTB up-to 75% for Qualified Buyers.
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Listed By ROYAL LEPAGE PERFORMANCE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9516404
Last Updated Dec 19, 2024
Property Summary
Property Type Investment

More like this:
Category Apartment
PIN 039990164
Legal Description PT LT 104, PL 295 , PART 2 , 5R7300 ; OTTAWA/NEPEAN
Occupancy Tenant
Possession Date TBD
Taxes (2023) $37,056
Directions/Cross Streets Carling south on Merivale or Baseline north on Merivale
Neighbourhood 5301 - Carlington
Area Ottawa
Price History

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Detailed Information
Lot 59.31 x 127.96 ft
Lot Irregularities 1
Parking Spaces 11
Heat Type Baseboard
Gross Income/Sales $219,841
Net Income Before Debt $127,670
Water Expense $6,005
Insurance Expense $13,100
Operating Expenses $92,235
Sewers Sewers
Water Municipal
Zoning TM
Seller Property Info Statement N

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