$1,369,000
Available - For Sale
Listing ID: X10418773
403 PEACH TREE Lane , Manor Park - Cardinal Glen and Area, K1K 2R7, Ontario
| Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and drawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the property into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the main level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional $275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate of 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for those interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for showings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in the basement., Flooring: Hardwood, Flooring: Laminate |
| Price | $1,369,000 |
| Taxes: | $6166.00 |
| Address: | 403 PEACH TREE Lane , Manor Park - Cardinal Glen and Area, K1K 2R7, Ontario |
| Lot Size: | 55.94 x 99.87 (Feet) |
| Directions/Cross Streets: | St. Laurent to Karen Way to Peach Tree Lane. |
| Rooms: | 0 |
| Rooms +: | 0 |
| Kitchens: | 0 |
| Kitchens +: | 0 |
| Family Room: | N |
| Basement: | Finished, Full |
| Property Type: | Triplex |
| Exterior: | Brick |
| Garage Type: | Surface |
| Pool: | None |
| Property Features: | Fenced Yard, Park, Public Transit |
| Heat Source: | Gas |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Sewers: | Sewers |
| Water: | Municipal |
| Utilities-Gas: | Y |
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| RARE REAL ESTATE INC. |
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RAY NILI
Broker
Dir:
(416) 837 7576
Bus:
(905) 731 2000
Fax:
(905) 886 7557
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Ottawa |
| Municipality: | Manor Park - Cardinal Glen and Area |
| Neighbourhood: | 3103 - Viscount Alexander Park |
| Lot Size: | 55.94 x 99.87(Feet) |
| Tax: | $6,166 |
| Pool: | None |
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