Two Side-by-Side 20-residential and 4-commercial unit buildings in Little Italy, Ottawa. Asking $6.8 Mil or $3.5 Mil for one. - Ca-type-apartment-buildings

26 Dec 2023


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</style></head><body><table><tr><th class='dispLabel'>Message Number</th><td class='dispData'>422058</td>
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<tr><th class='dispLabel'>status</th><td class='dispData'>Active</td>
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<tr><th class='dispLabel'>Subject Line</th><td class='dispData'>Two Side-by-Side 20-residential and 4-commercial unit buildings in Little Italy, Ottawa. Asking $6.8 Mil or $3.5 Mil for one.</td>
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<tr><th class='dispLabel'>Business area</th><td class='dispData'><table class='tree1'><tr><td class='tree1'><table class='tree'><tr><td class='tree2'>Canada</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Ontario</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Central and Eastern Ontario</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Ottawa and Region</td></tr><tr></tr></table></td></tr></table></td></tr></table></td></tr></table></td></tr></table></td>
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<tr><th class='dispLabel'>Location, City</th><td class='dispData'>Ottawa</td>
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<tr><th class='dispLabel'>Have/Want</th><td class='dispData'>Have</td>
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<tr><th class='dispLabel'>Business category</th><td class='dispData'>Commercial Buildings/Hotels/Motels<br>Apartment buildings/multi unit/condo townhouse projects/investments</td>
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<tr><th class='dispLabel'>Date of Listing</th><td class='dispData'>December 26 2023</td>
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<tr><th class='dispLabel'>Type Description</th><td class='dispData'>Multiresidential+commercial property with 24 units</td>
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<tr><th class='dispLabel'>Location</th><td class='dispData'>Ottawa</td>
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<tr><th class='dispLabel'>Price</th><td class='dispData'>$6,800,000.00</td>
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<tr><th class='dispLabel'>Net Income</th><td class='dispData'>$300,000</td>
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<tr><th class='dispLabel'>Comments</th><td class='dispData'>Fantastic Investment opportunity in the heart of "Little Italy" in Ottawa.
<br> *   Well, maintained newly renovated 3-storey walk up buildings featuring a mix of ground floor retail and residential apartments.
<br>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
<br> *   Extensive fire retrofit upgrades completed to both buildings
<br> *   Walking distance to the new transit Bayview light rail station and new NHL arena
<br> *   Rich and vibrant community close to many shops and restaurants
<br> *   Conveniently located across the street from Plouffe park and the Plant recreation centre. Access to indoor public pool, gym and outdoor playground area.
<br> *   TM zoning allows for many developments possibilities
<br> *   front window balconies
<br> *   onsite parking and access to laundry
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<br>AREA "HIGHLIGHTS"
<br>National Capital Commission has entered into an Memorandum of Understanding 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-ottawa-project. This is located a few blocks away from the property.
<br>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 construction soon to follow.
<br>The apartment buildings have enjoyed accelerated rents in the area that will continue to grow especially with the upcoming news surrounding the Ottawa Senators.
<br>The 4 Ground floor commercial units can be converted back to 8 1- bedroom apartment units to make this a 28 unit apartment complex.
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<br>Asking $6.8 Mil for both or $3.5 Mil for one.</td>
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<tr><th class='dispLabel'>Internet Links</th><td class='dispData'></td>
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<tr><th class='dispLabel'>Member Identifier</th><td class='dispData'>8728</td>
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<tr><th class='dispLabel'>Control</th><td class='dispData'>Exclusive</td>
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<tr><th class='dispLabel'>Name</th><td class='dispData'>Alina Spektor</td>
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<tr><th class='dispLabel'>Title</th><td class='dispData'>Realtor</td>
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<tr><th class='dispLabel'>Company Name</th><td class='dispData'>Re/Max Experts</td>
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<tr><th class='dispLabel'>Address Line One</th><td class='dispData'>3582 Major Mackenzie Dr. W, #204</td>
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<tr><th class='dispLabel'>City</th><td class='dispData'>Vaughan</td>
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<tr><th class='dispLabel'>State/Province</th><td class='dispData'>Ontario</td>
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<tr><th class='dispLabel'>Zip/Postal Code</th><td class='dispData'>L4H 3T6</td>
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<tr><th class='dispLabel'>Country</th><td class='dispData'>Canada</td>
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<tr><th class='dispLabel'>Business Phone Number</th><td class='dispData'>(905)499-8800</td>
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<tr><th class='dispLabel'>Cell Number</th><td class='dispData'>647-864-2700</td>
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<tr><th class='dispLabel'>Home Number</th><td class='dispData'>647-864-2700</td>
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<tr><th class='dispLabel'>FAX Number</th><td class='dispData'>905-553-5020</td>
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<tr><th class='dispLabel'>Email Address</th><td class='dispData'><a href='https://www.iciworld.com//emailForm.jsp?mid=8728&msgnum=422058'>Send Email</a></td>
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<tr><th class='dispLabel'>Home Page</th><td class='dispData'><a name='' href='http://www.alinaspektor.com' target='_blank'>Home&nbsp;Page</a></td>
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