Welcome to 93-95 Lower Charlotte, built around 1907. Since 2003, all systems were updated... electricity: 100 amp service to 300 amp ... plumbing: lead pipes and cast iron to copper and ABS... remove most lath and plaster and installed insulation and sheetrock (5/8), replaced flooring with hardwood, laminate, vinyl or ceramic throughout. Built 5 new bathrooms and 1 powder room. Installed 3 full kitchens. The back and side bricks were replaced by vinyl siding and hardy-board. The front bricks and wooden entrance was replaced by new bricks and concrete stairs and landing. A rooftop deck, second floor balcony and a deck off of the 93 kitchen. 93-95 Lower Charlotte is a legal non-conforming Triplex... 93 Lower Charlotte has 2 bedrooms, 1-4pces en-suite and 1-powder room. Approx. 1,400 sq. ft. The main floor has Living/Dining area, powder room, renovated kitchen with access to large private deck. The second floor has a Master bedroom with access to balcony, walk-in closet and 4-pces ensuite, laundry room and a second bedroom with a Murphy bed. 95 Lower Charlotte has 2 bedrooms, a 4-pces bathroom and a kitchen on the main floor. On the second floor, there are 3 bedrooms, a 4-pces bathroom and a kitchenette with access to the front balcony. The third, located on third floor of 93-95 has private access from the back entrance. This unit 3 bedrooms, 2 3-peices bathrooms and a kitchen/living area. This unit has exclusive use of the roof-top deck with BBQ. TOTAL EXPENSES: Taxes - $11,699.00, Wifi - $1,573, Hydro - $2,690.00, Water - $1,713.43, Gas - $3,656.70 , Insurance: $5243.00 Total Operating Expenses is: $26,575.00. RENTAL REVENUES: Unit -1 at 93 : $2600 mth, Unit -2 at 95 : $3450.00, Unit - at 93-95 : $2350. TOTAL Rental Income: $8,400 * 12 = $100,800.00 ( rent includes all utilities) Net Operating Income (NOI) is $74,225.00. Capitalization Rate is : 4.4 ($74,225.00 / $1,695,000) There are 4 legal Parking spaces. (id:47421)
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Detailed Information
Bedrooms
10
Bathrooms
6
Lot
38 x 81.83 ft
Amenities Nearby
Public Transit, Schools
Community Features
School Bus
Features
Lane, Carpet Free
Listing Contract Date
2025-03-07
Location Description
Cross Streets: Cobourg Street. ** Directions: Rideau Street to Coboug Street to Clarence Street to Lower Charlotte.
# of Parking Spaces
4
Property Type
Multi-family
Structures
Porch, Patio(s)
Transaction Type
For sale
Views
City view
Building
Appliances
Water Heater, Water meter, Dishwasher, Dryer, Hood Fan, Microwave, Stove, Washer, Refrigerator
Basement Development
Unfinished
Basement Type
N/A (Unfinished)
Cooling Type
Central air conditioning
Exterior Finish
Brick
Foundation Type
Stone
# of Half Bathrooms
1
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
3
Type
Triplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
3.66 m x 3.66 m
Laundry room
Second level
1.8 m x 1.8 m
Bedroom
Second level
4.6 m x 3.66 m
Bedroom
Second level
4.6 m x 3.66 m
Bedroom
Second level
3.66 m x 3.66 m
Bathroom
Second level
1.8 m x 1.87 m
Kitchen
Second level
3 m x 1.8 m
Primary Bedroom
Second level
5.18 m x 3.66 m
Bathroom
Second level
3.66 m x 3.66 m
Bedroom
Third level
4.2 m x 3.66 m
Bedroom
Third level
3.66 m x 3.66 m
Bedroom
Third level
4.3 m x 4.5 m
Kitchen
Third level
4.5 m x 3.66 m
Bathroom
Third level
2.13 m x 2.13 m
Bathroom
Third level
2.13 m x 2.13 m
Living room
Main level
4.6 m x 5.2 m
Dining room
Main level
4.6 m x 5.2 m
Kitchen
Main level
5.8 m x 3.66 m
Partial bathroom
Main level
1.5 m x 1 m
Bedroom
Main level
4.6 m x 3.66 m
Bedroom
Main level
4.6 m x 3.66 m
Bathroom
Main level
1.8 m x 2.4 m
Kitchen
Main level
5.8 m x 2.66 m
Parking Spaces
Name
Spaces
No Garage
Utilities
Type
Description
Cable
Installed
Electricity
Installed
Land
Total Size
38 x 81.9 FT
Amenities
Public Transit, Schools
Sewer
Sanitary sewer
Size of Irregular Land
38 x 81.9 FT
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