11 #'s1-3; 13 #'s 1-3 - 11&13 Acacia Avenue Ottawa, Ontario K1M 0P3
$2,575,000
REMARKS FOR CLIENTS: Previously listed as 2 seperate properties, now combines 6 unit apartment building AND adjacent parking lot. The building is a fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. The price now includes parking for 6 cars, and a parking lot that is2738sq ft. Parking lot has been severed and is zoned RUD4, changing to H4B H(11) allowing a wide variety of commercial and residential permitted uses in a 4 storey envelope. The building itself was renovated 5 years ago, with new wiring and plumbing throughout; new kitchens, bathrooms and flooring; in-unit washer / dryers; owned hot water tanks; fridge/stove/dishwasher/ microwave. Separate electrical panels in each unit with separate external meters, tenants pay hydro; electric heat. Building features two 1 bdrm + den units; 4 one bdrm units. All units have private balconies and / or green space. Annual Gross income = $143k, NOI =$118k. Units rent for $1,700-$2,200 / month. Tenants are younger / professionals. Recent survey available. Safe leafy neighbourhood where trendy New Edinburgh meets exclusive Rockliffe Park. Many funky / popular restaurants now dot the neighbourhood. Metro, Starbucks, a full BMO branch; RBC ATM and LCBO are a 10-minute walk away on Beechwood; Pet Valu and Bridgehead coffee are around the corner; vet clinic down the street. Area is being redeveloped and gentrified, attracting higher-end owners and renters. Surrounded by biking and jogging paths, and Rockliffe's secluded streets are great for leisurely walks, joggers & dog walkers. Great location for renters and investors alike.OFFER REMARKS: Listing agent owns the building. Offers to be accompanied by appropriate disclosure acknowledgement. 24 hours notice for viewing as a tenant courtesy. (id:59524)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X13558532 |
| Property Type | Multi-family |
| Community Name | 3302 - Lindenlea |
| AmenitiesNearBy | Public Transit, Recreation |
| Features | Irregular Lot Size |
| ParkingSpaceTotal | 6 |
Building
| BathroomTotal | 6 |
| BedroomsTotal | 8 |
| Age | 51 To 99 Years |
| Appliances | Dishwasher, Dryer, Water Heater, Microwave, Washer |
| CoolingType | Partially Air Conditioned |
| HeatingType | Baseboard Heaters |
| SizeExterior | 4200 Sqft |
| SizeInterior | 4200 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit, Recreation |
| SizeDepth | 142 Ft |
| SizeFrontage | 40 Ft ,1 In |
| SizeIrregular | Bldg=40.09 X 142 Ft ; North Line = +13 Ft Vs. South Line |
| SizeTotalText | Bldg=40.09 X 142 Ft ; North Line = +13 Ft Vs. South Line |
| ZoningDescription | Rud4 |

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