$4,500,000
FOR SALE

Multiplex

Lot: 255.67 x 254.83 ft

535-545 Russell Road
Clarence Creek, ON K0A 2A0 | CHENEY

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:47421)
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Listed By RE/MAX DELTA REALTY TEAM, LENNARD COMMERCIAL REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number 1405496
Last Updated Sep 19, 2024
Property Summary
Property Type Multiplex

More like this:
Neighbourhood CHENEY
Price History

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Detailed Information
Lot 255.67 x 254.83 ft
Listing Contract Date 2024-09-18
Management Company Self Managed -
Municipal ID 697680001
Ownership Type Condominium/Strata
# of Parking Spaces 40
Property Type Multi-family
Transaction Type For sale
Zoning Description RV2-10
Building
Constructed Date 2015
Cooling Type Central air conditioning
Exterior Finish Stone, Vinyl
Foundation Type Poured Concrete
Heating Fuel Natural gas, Other
Heating Type Forced air, Hot water radiator heat
Stories Total 3
Utility Water Municipal water
Land
Total Size 255.63 ft X 254.84 ft
Sewer Septic System
Size of Irregular Land 255.63 ft X 254.84 ft

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