Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

26 Aylmer Avenue, Glebe - Ottawa East and Area, ON K1S 2W9 (Bank St/Aylmer Ave)
$ 1699000 - MLS : X12604836

From Our Gallery

Description

Incredible investment opportunity in Old Ottawa South! Large multi-unit on expansive 30' x 161' lot newer 3,000 sqft addition containing 3 additional apartments plus main front house. All 4 apartments tenanted. One 3-Bedroom unit, two 2-Bedroom units and one 1 Bedroom unit. The older front of home unit has been updated with hardwood floors, granite countertops and newer cabinetry and updated bathroom - it has it's own Furnace (2020), A/C (2017) and Hot Water Tank (Rental). New addition completed in 2017 with 2 Furnaces and 2 Central Air units. 3 Hydro meters, 3 gas meters and 1 water meter. All units have in-unit laundry. Sump pump 2017, Roof 2017. City of Ottawa has suggested plan of a 5-plex for potential income increase. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor.

Location Description

Bank St/Aylmer Ave

Property Detail

Community: 4403 - Old Ottawa South
Property Type: Tenant/Residential Freehold
Bedrooms: 8
Bath: 6
Garages: None
Annual Property Taxes : $ 15949

Lot dimensions: sqft
Baths:

Facts and Features

Foundation Type: Concrete-Stone
Counstruction Material : Brick-Vinyl Siding
Total Parking Space : 2
Parking Type : None

Amenities

Heating : Forced AirGas
Sewer : Sewer ,

Listing Contracted With: ROYAL LEPAGE PERFORMANCE REALTY

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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