93-95 Lower Charlotte ST new Save Request In-Person Tour Request Virtual Tour
Lower Town - Sandy Hill,ON K1N 8J9
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision 4002 - Lower Town
MLS Listing ID X12006603
Style 3-Storey
Bedrooms 10
Annual Tax Amount $10,810
Tax Year 2024
Property Sub-Type Triplex
Property Description
Welcome to 93-95 Lower Charlotte, built around 1907. Since 2003, all systems were updated... electricity: 100 amp service to 300 amp ... plumbing: lead pipes and cast iron to copper and ABS... remove most lath and plaster and installed insulation and sheetrock (5/8), replaced flooring with hardwood, laminate, vinyl or ceramic throughout. Built 5 new bathrooms and 1 powder room. Installed 3 full kitchens. The back and side bricks were replaced by vinyl siding and hardy-board. The front bricks and wooden entrance was replaced by new bricks and concrete stairs and landing. A rooftop deck, second floor balcony and a deck off of the 93 kitchen. 93-95 Lower Charlotte is a legal non-conforming Triplex... 93 Lower Charlotte has 2 bedrooms, 1-4pces en-suite and 1-powder room. Approx. 1,400 sq. ft. The main floor has Living/Dining area, powder room, renovated kitchen with access to large private deck. The second floor has a Master bedroom with access to balcony, walk-in closet and 4-pces ensuite, laundry room and a second bedroom with a Murphy bed. 95 Lower Charlotte has 2 bedrooms, a 4-pces bathroom and a kitchen on the main floor. On the second floor, there are 3 bedrooms, a 4-pces bathroom and a kitchenette with access to the front balcony. The third, located on third floor of 93-95 has private access from the back entrance. This unit 3 bedrooms, 2 3-peices bathrooms and a kitchen/living area. This unit has exclusive use of the roof-top deck with BBQ. TOTAL EXPENSES: Taxes - $11,699.00, Wifi - $1,573, Hydro - $2,690.00, Water - $1,713.43, Gas - $3,656.70 , Insurance: $5243.00 Total Operating Expenses is: $26,575.00. RENTAL REVENUES: Unit -1 at 93 : $2600 mth, Unit -2 at 95 : $3450.00, Unit - at 93-95 : $2350. TOTAL Rental Income: $8,400 * 12 = $100,800.00 ( rent includes all utilities) Net Operating Income (NOI) is $74,225.00. Capitalization Rate is : 4.4 ($74,225.00 / $1,695,000) There are 4 legal Parking spaces.
Location
Province ON
County Ottawa
Community 4002 - Lower Town
Area Ottawa
Rooms
Family Room No
Basement Unfinished
Kitchen 5
Interior
Interior Features Carpet Free,Storage,Water Heater Owned,Water Meter
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch,Patio
Parking Features Front Yard Parking,Lane
Pool None
View City
Roof Type Asphalt Rolled,Asphalt Shingle
Lot Frontage 37.95
Lot Depth 81.91
Total Parking Spaces 4
Building
Unit Features Public Transit,School,School Bus Route
Foundation Stone