Average square foot calculated using Size range provided by listing agent.
Description
A 5-year-old purpose-built 8-unit apartment building with fully furnished open-concept units, including six 2-bedroom and two 1-bedroom apartments. The property is located close to Montfort Hospital, amenities, and shopping just off Beechwood Ave., near Rockcliffe Park and within walking distance to the Rideau River, offering year-round recreational activities including skating, cross-country skiing, snowshoeing, walking, cycling, swimming, tennis, rowing, and sailing. Gross yearly rent = $231, 122.28. Individual rents are as follows: (1) $2, 190, (2) $2, 500, (3) $1, 950, (4) $2, 357.50, (5) $2, 639.38, (6) $2, 610.81, (7) $2, 450, (8) $2, 562.50. Expenses include taxes: $26, 712, hydro: $5057, water: $4, 108, gas: $12, 263, maintenance: $11, 140, management: $8, 784, insurance: $6714, advertising: $1, 116, Admin $557, Structrual Reserve Allowance $4, 562, Total yearly expenses = $81, 017. In Financial Information, under Other Expenses, $6, 236 is a combination of advertising ($1, 116) plus administration ($557) and Structrual Reserve Allowance $4, 562Show Description