$1,575,000
FOR SALE

Investment

Lot: 37 x 99 ftTotal Area: 0.08 acres
2023 Taxes: $10,285Maintenance Fees: $4,500

514-516 Bay St
Ottawa, ON K1R 6B3

Welcome to 514-516 Bay Street! Great investment opportunity for 2 properties being a 5 unit + 1 building located in Centretown. The property has a shared driveway and parking for 3 cars. There is the option to live mortgage free should you choose to reside in one of the updated units. The area features shopping, parks, personal services, playgrounds, schools and public transportation. The roof was redone in 2023.
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8432546
Last Updated Jun 12, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
PIN 041210396
Legal Description PT LT 2, PL 30 , W/S BAY ST, AS IN N444467 ; ST /& T/W N444467; OTTAWA/NEPEAN
Occupancy Tenant
Possession Date TBD
Taxes (2023) $10,285
Tax Type Annual
Maintenance Fees $4,500
Directions/Cross Streets McLeod Street and Bay Street
Neighbourhood Ottawa
Area Ottawa
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 37 x 99 ft
Total Area 0.08 acres
Approximate Age 100+
Elevator None
Air Conditioning N
Garage Type None
Parking Spaces 3
Heat Type Gas Forced Air Open
Gross Income/Sales $124,200
Hydro Expense $4,200
Water Expense $3,100
Heat Expenses $4,711
Insurance Expense $4,772
Management Expense $4,663
Operating Expenses $37,831
Taxes Expense $10,285
Year Expenses $2,022
Expenses Actual/Estimated Est
Area Influences Major Highway, Public Transit
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning R4UD[478]
Seller Property Info Statement N

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