For sale
Residential Commercial Mix

381-383 Montreal Road

$1,690,000
Ottawa, Ontario, K1L 6A8

Overview

  • Updated On:
  • April 29 2025
  • MLS® Number
  • X12111479

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 (id:57887)

Price:
Price Info:
Property Size: 2000 sqft
Property Type: Retail
Building Type: Residential Commercial Mix
Neighbourhood: Viscount Alexander Park
Cooling & Heating
Natural gas
Forced air
Fully air conditioned
$ 8,664.96
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 6,552.46
Size
SizeExterior: 2000 sqft
SizeInterior: 2000 sqft
Utility
UtilityWater: Municipal water
Acreage: No
SizeDepth: 76 Ft
SizeFrontage: 56 Ft ,7 In
SizeIrregular: Bldg=56.6 X 76 Ft
SizeTotalText: Bldg=56.6 X 76 Ft
ZoningDescription: Tm3h(30)
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