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Home ON Ottawa - Gatineau Ottawa Vanier Vanier North
381-383 MONTREAL ROAD
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381-383 MONTREAL ROAD $1,690,000
$1,690,000
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381-383 MONTREAL ROAD
Ottawa, Ontario K1L6A8

MLS® Number: X12559318

Listing Description

Fully-leased mixed-use building on corner lot. Tenants pay their own hydro, separate meters (four), Natural Gas boiler/ radiators (replaced 2020).Roof replaced 2009 and 2022, Windows replaced 2005. Second floor units have fridge, stove, washer and dryer (apts #1 & #2). Foundation repaired and new cement veranda with metal roof 2020. All Units renovated (electrical and plumbing) in the last five years. Main tenant on leases. Commercial tenants pay their portion of property taxes. Zoned mixed use (commercial & residential).Existing mortgage is at residential rate. Total expenses are $19,057.94 (including taxes, insurance & utilities, & maintenance). The total annual gross income is approx. $108,000.00 and the total annual net income is approx. $88.942.06 (41677994)

Location Description

Cross Streets: Alfred St. ** Directions: On Montreal Rd just west of St Laurent corner of Alfred.

Property Summary

Property Type
Retail
Building Type
Residential Commercial Mix
Community Name
3402 - Vanier
Land Size
Bldg=56.6 x 76 FT
Annual Property Taxes
$6,710.83
Time on REALTOR.ca
29 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water

Measurements

Square Footage
2000 sqft
Exterior Building Size
2000 sqft

Land

Lot Features
Frontage
56 ft ,7 in
Land Depth
76 ft
Other Property Information
Zoning Description
TM3H(30)
Data provided by: Ottawa Real Estate Board
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Steve Gabellini