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Apartment Building For Sale at 683 MELBOURNE AVENUE in Ottawa, Ontario

New
4 Sale ID #235350
Updated 23 May 2024

Asking Price

$1,999,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Brand New Triplex located in the heart of prestigious Westboro. Completed in 2023, this stunning property consists of three - 2 bedroom / 2 bathroom units. Each unit features open-concept living / dining area, custom kitchen with Quartz counters and backsplash, stainless steel appliances, laundry, master ensuite and custom shower. Lower unit boasts walk-out patio and huge storage room. Top unit offers massive private rooftop terrace overlooking Westboro. All units are separately metered and have their own HVAC systems. Legal parking in rear of building. Steps away from Westboro Village. (id:39198)

  • MLS® : #1390575
  • Date Listed : 06 May 2024

Location

Province

Ontario

City

Ottawa

Address

683 Melbourne Avenue

Postal Code

K2A1X4

Location Highlights

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Listed by

RE/MAX HALLMARK REALTY GROUP Ontario listing

Category

apartment-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

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Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

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Financial Information

Yearly Rate

$1,999,900

Asking Price

$1,999,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

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Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

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Market Competition

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