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$1,560,000
Available - For Sale
Listing ID: X12065084
1314 Emperor Aven , Carlington - Central Park, K1Z 8C6, Ottawa


Your next investment opportunity in Ottawa's hot rental market...This solid brick 6-unit building is in good condition, fully rented, and offers a combination of 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels...More than 6 parking spots outside...6 storage bins & coin-operational laundry on the lower level...Centrally located property with easy access to many amenities like the downtown, the 417, Merivale Road shopping, hospitals, transit, experimental farm, parks, and more...Units are spacious & sunny with Southern exposure...Every unit has its own hydrometer, and one is for the common areas...Some rents are below market value with plenty of upside on future rents...The property is built on a large lot 108x100 ft with potential for future development in a rapidly growing & changing area...Gross Operating Income is $90,500/year, Operating Costs is around $28500/year and Net Operating Income is around $62,000/year.
Price $1,560,000
Taxes: $11068.00
Tax Type: Annual
Assessment Year: 2024
Occupancy: Tenant
Address: 1314 Emperor Aven , Carlington - Central Park, K1Z 8C6, Ottawa
Postal Code: K1Z 8C6
Province/State: Ottawa
Legal Description: PART LOT 15 PLAN 294 AS IN NS192865 ; OT
Directions/Cross Streets: Merivale Rd and Dorchester Ave
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Washroom Type 6 0
Washroom Type 7 0
Washroom Type 8 0
Washroom Type 9 0
Washroom Type 10 0
Washroom Type 11 0
Washroom Type 12 0
Washroom Type 13 0
Washroom Type 14 0
Washroom Type 15 0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 0.00
Total Area Code:  Square Feet
Financial Statement: F
Chattels: T
Franchise: F
 Management Expense: 0
Water Expense: $4050
Vacancy Allowance: 0
Net Income Before Debt: $62000
Expenses Actual/Estimated: $Est
Sprinklers: No
Washrooms: 6
Outside Storage: F
Heat Type: Gas Hot Water
Central Air Conditioning: No
Water: None
Water Supply Types: None
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$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $78,000 $156,000 $234,000 $312,000
First Mortgage $1,482,000 $1,404,000 $1,326,000 $1,248,000
CMHC/GE $59,280 $43,524 $37,128 $0
Total Financing $1,541,280 $1,447,524 $1,363,128 $1,248,000
Monthly P&I $7,605.94 $7,143.27 $6,726.79 $6,158.65
Expenses $0 $0 $0 $0
Total Payment $7,605.94 $7,143.27 $6,726.79 $6,158.65
Income Required $285,222.68 $267,872.59 $252,254.63 $230,949.54

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$3,849.16
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REAL ESTATE SOLUTIONS CORP.
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Carlington - Central Park
Neighbourhood: 5303 - Carlington
Style:
Lot Size: x 100.00(Feet)
Approximate Age:
Tax: $11,068
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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