93-95 LOWER CHARLOTTE STREET, Ottawa, ON K1N8J9

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Katie Van Nes

katie@mostreferred.expert +1(604) 855-8228

$ 1,695,000

Est. payment | -/mo

10 Beds

6 Baths

3,500 SqFt

Save

$ 1,695,000

Est. payment | -/mo

Save

10 Beds

6 Baths

3,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $484

Subdivision 4002 - Lower Town

MLS® Listing ID X12006603

Bedrooms 10

Half Baths 1

Source Ottawa Real Estate Board

Property Description

Welcome to 93-95 Lower Charlotte, built around 1907. Since 2003, all systems were updated... electricity: 100 amp service to 300 amp ... plumbing: lead pipes and cast iron to copper and ABS... remove most lath and plaster and installed insulation and sheetrock (5/8), replaced flooring with hardwood, laminate, vinyl or ceramic throughout. Built 5 new bathrooms and 1 powder room. Installed 3 full kitchens. The back and side bricks were replaced by vinyl siding and hardy-board. The front bricks and wooden entrance was replaced by new bricks and concrete stairs and landing. A rooftop deck, second floor balcony and a deck off of the 93 kitchen. 93-95 Lower Charlotte is a legal non-conforming Triplex... 93 Lower Charlotte has 2 bedrooms, 1-4pces en-suite and 1-powder room. Approx. 1,400 sq. ft. The main floor has Living/Dining area, powder room, renovated kitchen with access to large private deck. The second floor has a Master bedroom with access to balcony, walk-in closet and 4-pces ensuite, laundry room and a second bedroom with a Murphy bed. 95 Lower Charlotte has 2 bedrooms, a 4-pces bathroom and a kitchen on the main floor. On the second floor, there are 3 bedrooms, a 4-pces bathroom and a kitchenette with access to the front balcony. The third, located on third floor of 93-95 has private access from the back entrance. This unit 3 bedrooms, 2 3-peices bathrooms and a kitchen/living area. This unit has exclusive use of the roof-top deck with BBQ. TOTAL EXPENSES: Taxes - $11,699.00, Wifi - $1,573, Hydro - $2,690.00, Water - $1,713.43, Gas - $3,656.70 , Insurance: $5243.00 Total Operating Expenses is: $26,575.00. RENTAL REVENUES: Unit -1 at 93 : $2600 mth, Unit -2 at 95 : $3450.00, Unit - at 93-95 : $2350. TOTAL Rental Income: $8,400 * 12 = $100,800.00 ( rent includes all utilities) Net Operating Income (NOI) is $74,225.00. Capitalization Rate is : 4.4 ($74,225.00 / $1,695,000) There are 4 legal Parking spaces. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 3.66 m X 3.66 m Bedroom

Extra Room 2 Second level 1.8 m X 1.8 m Laundry room

Extra Room 3 Second level 4.6 m X 3.66 m Bedroom

Extra Room 4 Second level 4.6 m X 3.66 m Bedroom

Extra Room 5 Second level 3.66 m X 3.66 m Bedroom

Extra Room 6 Second level 1.8 m X 1.87 m Bathroom

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

Community Features School Bus

View Y/N Yes

View City view

Total Parking Spaces 4

Private Pool No

Building

Story 3

Sewer Sanitary sewer

Listed by ROYAL LEPAGE TEAM REALTY

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

93-95 LOWER CHARLOTTE STREET Ottawa, ON K1N8J9