$3,565,000
( $74.40Per Sq Foot )
 $19,138 forsale estimated payment Sourced by Back At You

5931 Perth Street , Stittsville - Munster - Richmond, ON K0A 2Z0

Stittsville - Munster - Richmond, ON K0A 2Z0

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Description

Welcome to Richmond, the fast developing rural suburb of Ottawa in the heart of the Greenbelt. This is an incredible opportunity to invest in the residential rental property in the heart of Richmond at a a fair price. This property consists of 16 x one bedroom apartments of various sizes, average rent is $1,182/month, meaning there is significant upside potential. The owner has been renovating units as they become available, however there are a number that still need upgrading. The building is built on a slab so all units are direct walk-in and could easily be converted to a seniors residence. Unit sizes vary from 500sq ft to close to 800sq ft which provide potential to add a second bedroom and higher rents. The owner has also installed coin op washer and dryers plus a reverse osmosis water system that sells bottled water for additional income. Another feature is that the property enjoys a residential tax rate that is far lower than comparable properties. Units are electric heat and tenants pay their own electric bills and . In considering this property, buyers should be aware that the property is slightly larger than an acre and given it's corner location on the main street of Richmond, it could provide the cornerstone of a land assembly. Property has been owner managed for 27yrs and all maintenance issues are dealt with promptly.

Details

MlsX11228242
Listing TypeFor Sale
SubtypeResale
StatusNew
Days On Site16
Listing Provided ByRE/MAX HALLMARK SAM MOUSSA REALTY | Not Provided

Features

Sq Feet47,916
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Learn More About This Property

StateON
CountyOttawa
CityStittsville - Munster - Richmond
Zip CodeK0A 2Z0
Area8204 Richmond
Listing VS Median (in K0A 2Z0)
Price:
$3,565,000
low | high
Med:
$2,195,000
88.429186535764% of Average
SqFt:
47,916
low | high
Med:
2,180,880
100% of Average
$ / SqFt:
$74
low | high
Med:
$217
100% of Average
On Site:
16
low | high
Med:
45.000000
35.555555555556% of Average
Sourced by Back At You
Listing Updated: December 13, 2024 at 3:39:20 PM PST