9 unit apartment building in outstanding location

20 Charlotte St, Ottawa, Ontario K1N 8K1

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20 CHARLOTTE ST

List Price

$3,150,000

$22,944 (2020 Tax)

Property Details

MLS® #

1250697

Property Address

20 Charlotte St,
Ottawa, Ontario K1N 8K1

Type

Apartment 5+ Units

Style

MultiFamily

Basement

Year Built

1948

Long Frontage

51.28 ft

Lot Depth

90 ft

Numer of Storeys

3

Number of Units

9

Description

Outstanding location! Turnkey 9 unit apartment building located a stone’s throw from the Rideau River & within walking distance of Ottawa U, the historical Byward Market, restaurants, shopping, transit, recreation etc. Full concrete & Coreplast exterior, 3/4″ solid core insulation w stucco overlay. Completely upgraded kitchens, baths, flooring, electrical, 50 year membrane roof, boiler, hot water tanks, windows, doors, fire retrofit. 6 three bedroom units all complete with balconies and spacious layouts. 2 two bedrooms and 1 bachelor. Attached garage with 1 parking in the front and 5 spots in the back. Handy shed for garbage and recycling. 2 coin operated washers & dryers. Solid investment with great cash flow, low maintenance & no vacancy rate. All major work has been done, perfect investment to add to your portfolio!

Financial information

Net Operating Income $121,389
Annual Gross Income
$172,320
Operating Costs
$50,931
Other Costs
$0

Apartment

Number of Storeys
3
Total Number of Units
9
Total Parking
7
Number of Elevators
0

Listing Provided By

Wendy Brown, Royal LePage Performance Realty