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$ 1,149,900
Est. payment /mo
Active
164 CLARENCE STREET Ottawa, ON K1N5P8
9 Beds
3 Baths
3,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $383
Subdivision 4001 - Lower Town/Byward Market
MLS® Listing ID X12179677
Bedrooms 9
Source Ottawa Real Estate Board
Property Description
This property is well located in the heart of downtown Ottawa. 3- 3 Bedrooms Apartments fully rented all above ground , great tenants. All Units have 5 appliances, fridges and stoves and washer and dryer and dishwashers. The units , are fully rented as follow: ( Apt 1 rented at $2048.00 + hydro) and has been served notice effective September 01 rent will increase to $2,099.00+ hydro , ( Apt #2 rented at $2205.00 + hydro) , (Apt #3 rented at $2205.00 plus hydro) . Total yearly rental income for the 3 units ($78,108.00 as of September 01 2025) + 4 parking spaces rented at $150 Monthly or $7200.00 yearly. = Gross Income before expenses $ 85,308.00 Total Expenses $22,332.00 as follow : ( Property Taxes $7800.00, Heat $6000.00, common hydro $561.00, Water $1,768.00, Insurance $5100.00, snow removal $1100.00) . TOTAL NET INCOME after expenses $62,929.00 . Please allow 24 hours on all offers and 24 hour notice for all showings. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by COLDWELL BANKER SARAZEN REALTY