12 JOLLIET Avenue, VanierandKingsviewPark, ON K1L 5H5 (Beechwood Avenue to Jolliet Avenue.)

Price : $2,999,000.00 , MLS®# : X12003657

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 $4,562

Location Description

Beechwood Avenue to Jolliet Avenue.

Property Details
  • Community: 3402 - Vanier
  • Property Type: Tenant/Commercial
  • Garages: None
  • Annual Property Taxes : $ 26712
Building Features
  • Parking Type : None
Features
  • Heating : Gas Forced Air Closed

Listing Contracted With: RE/MAX HALLMARK REALTY GROUP