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5931 Perth Street Ottawa, Ontario K0A 2Z0

1.1 ac
Baseboard Heaters

$3,565,000

Welcome to Richmond, the fast developing rural suburb of Ottawa in the heart of the Greenbelt. This is an incredible opportunity to invest in the residential rental property in the heart of Richmond at a a fair price. This property consists of 16 x one bedroom apartments of various sizes, average rent is $1,182/month, meaning there is significant upside potential. The owner has been renovating units as they become available, however there are a number that still need upgrading. The building is built on a slab so all units are direct walk-in and could easily be converted to a seniors residence. Unit sizes vary from 500sq ft to close to 800sq ft which provide potential to add a second bedroom and higher rents. The owner has also installed coin op washer and dryers plus a reverse osmosis water system that sells bottled water for additional income. Another feature is that the property enjoys a residential tax rate that is far lower than comparable properties. Units are electric heat and tenants pay their own electric bills and . In considering this property, buyers should be aware that the property is slightly larger than an acre and given it's corner location on the main street of Richmond, it could provide the cornerstone of a land assembly. Property has been owner managed for 27yrs and all maintenance issues are dealt with promptly. (id:59524)

Business

BusinessType Residential
BusinessSubType Apartments
Name Perth Inn Motor Hotel

Property Details

MLS® Number X11228242
Property Type Multi-family
Neigbourhood Rideau-Jock
Community Name 8204 - Richmond
AmenitiesNearBy Recreation
Features Conservation/green Belt
ParkingSpaceTotal 25

Building

Appliances Dryer, Refrigerator, Stove, Washer, Water Treatment
HeatingType Baseboard Heaters
SizeInterior 1.1 Ac
Type Multi-family

Land

Acreage No
LandAmenities Recreation
SizeDepth 248 Ft ,9 In
SizeFrontage 150 Ft ,8 In
SizeIrregular Bldg=150.67 X 248.75 Ft
SizeTotalText Bldg=150.67 X 248.75 Ft
ZoningDescription V3e[503r]

https://www.realtor.ca/real-estate/27688875/5931-perth-street-ottawa-8204-richmond

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