New Listing
5931 Perth Street , Stittsville - Munster - Richmond, ON K0A 2Z0
Stittsville - Munster - Richmond, ON K0A 2Z0
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
| Mls | X11228242 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | New |
| Days On Site | 6 |
| Listing Provided By | RE/MAX HALLMARK SAM MOUSSA REALTY | Not Provided |
Features
| Sq Feet | 47,916 |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | Ottawa |
| City | Stittsville - Munster - Richmond |
| Zip Code | K0A 2Z0 |
| Area | 8204 Richmond |
| Listing VS Median (in K0A 2Z0) | |
Price: $3,565,000 low | high Med: $3,032,500 SqFt: 47,916 low | high Med: 26,838 $ / SqFt: $74 low | high Med: $254 On Site: 6 low | high Med: 20.500000 | |