From realestate@wreils.com Tue Jun 6 20:23:49 2023 From: realestate@wreils.com To: ca-type-apartment-buildings@iciworld.global Subject: [Ca-type-apartment-buildings] Two Side-by-Side 20-residential and 4-commercial unit buildings in Little Italy, Ottawa. Asking $8.2 Mil. Date: Tue, 06 Jun 2023 20:23:43 +0000 Message-ID: <437547398.1686083023105.JavaMail.tomcat@server.worldrealestatenetwork.com> MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="===============4085590539068218170==" --===============4085590539068218170== Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable 415951 <= /table>
Message Number
statusActive
Subject LineTwo Side-= by-Side 20-residential and 4-commercial unit buildings in Little Italy, Ottaw= a. Asking $8.2 Mil.
Business area
Canada
Ontario
<= /tr>
Eastern Ontario
<= table class=3D'tree'>
Ottawa and Region
Location, CityOttawa<= /td>
Have/WantHave
Business categoryComm= ercial Buildings/Hotels/Motels
Apartment buildings/multi unit/condo townho= use projects/investments
Date of ListingJune 6= 2023
Type DescriptionMulti= residential+commercial property with 24 units
LocationOttawa
Price$8,200,000.00
Net Income$300,000
CommentsFantastic Inv= estment opportunity in the heart of "Little Italy" in Ottawa.
* Well, maintained newly renovated 3-storey walk up buildings featurin= g a mix of ground floor retail and residential apartments.
Unit mix consists of 6 - Bachelor ($1,200/month ), 10- 1 bedrooms ($1,600= /month ), 4 2-bedrooms ( $1,750/month) 4 -commercial ground floor units
* Extensive fire retrofit upgrades completed to both buildings
* Walking distance to the new transit Bayview light rail station and n= ew NHL arena
* Rich and vibrant community close to many shops and restaurants
* Conveniently located across the street from Plouffe park and the Pla= nt recreation centre. Access to indoor public pool, gym and outdoor playgroun= d area.
* TM zoning allows for many developments possibilities
* front window balconies
* onsite parking and access to laundry

AREA "HIGHLIGHTS"
National Capital Commission has entered into an Memorandum of Understandi= ng agreement with the Ottawa Senators hockey team to build a new NHL arena at= Lebreton Flats https://renx.ca/dream-lebreton-unveils-two-tower-design-for-o= ttawa-project. This is located a few blocks away from the property.
A new ownership group will be announced in the coming months to purchase = the Ottawa Senators and a full lease agreement will be signed with constructi= on soon to follow.
The apartment buildings have enjoyed accelerated rents in the area that w= ill continue to grow especially with the upcoming news surrounding the Ottawa= Senators.
The 4 Ground floor commercial units can be converted back to 8 1- bedroom= apartment units to make this a 28 unit apartment complex.

Asking $8.2 Mil.
Internet Links
Member Identifier8728=
ControlExclusive
NameAlina Spektor
TitleRealtor
Company NameRe/Max Ex= perts
Address Line One3582 = Major Mackenzie Dr. W, #204
CityVaughan
State/ProvinceOntario=
Zip/Postal CodeL4H 3T= 6
CountryCanada
Business Phone Number= (905)499-8800
Cell Number647-864-27= 00
Home Number647-864-27= 00
FAX Number905-553-502= 0
Email AddressSend = Email
Home PageHome Page

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