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$2,575,000
Available - For Sale
Listing ID: X13558532
REMARKS FOR CLIENTS: Previously listed as 2 seperate properties, now combines 6 unit apartment building AND adjacent parking lot. The building is a fully renovated 6-plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. The price now includes parking for 6 cars, and a parking lot that is2738sq ft. Parking lot has been severed and is zoned RUD4, changing to H4B H(11) allowing a wide variety of commercial and residential permitted uses in a 4 storey envelope. The building itself was renovated 5 years ago, with new wiring and plumbing throughout; new kitchens, bathrooms and flooring; in-unit washer / dryers; owned hot water tanks; fridge/stove/dishwasher/ microwave. Separate electrical panels in each unit with separate external meters, tenants pay hydro; electric heat. Building features two 1 bdrm + den units; 4 one bdrm units. All units have private balconies and / or green space. Annual Gross income = $143k, NOI =$118k. Units rent for $1,700-$2,200 / month. Tenants are younger / professionals. Recent survey available. Safe leafy neighbourhood where trendy New Edinburgh meets exclusive Rockliffe Park. Many funky / popular restaurants now dot the neighbourhood. Metro, Starbucks, a full BMO branch; RBC ATM and LCBO are a 10-minute walk away on Beechwood; Pet Valu and Bridgehead coffee are around the corner; vet clinic down the street. Area is being redeveloped and gentrified, attracting higher-end owners and renters. Surrounded by biking and jogging paths, and Rockliffe's secluded streets are great for leisurely walks, joggers & dog walkers. Great location for renters and investors alike.OFFER REMARKS: Listing agent owns the building. Offers to be accompanied by appropriate disclosure acknowledgement. 24 hours notice for viewing as a tenant courtesy.
Price $2,575,000
Taxes: $12,122
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 11&13 Acacia Avenue , New Edinburgh - Lindenlea, K1M 0P3, Ottawa
Postal Code: K1M 0P3
Province/State: Ottawa
Legal Description: PART LOT 82 PLAN 4M43, PARTS 1, 2 4R3533
Directions/Cross Streets: Acacia & Beechwood
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 4,200
Total Area Code:  Square Feet
Area Influences: Public Transit   Recreation/Comm
Approximatly Age: 51-99
Financial Statement: F
Chattels: F
Franchise: F
Maintenance: 0
Water Expense: $1300
Net Income Before Debt: $118000
Expenses Actual/Estimated: $Act
Sprinklers: No
Heat Type: Baseboard
Central Air Conditioning: Partial
Sewers: Sanitary+Storm
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DIGI BROKERAGE

11&13 Acacia Avenue , New Edinburgh - Lindenlea, K1M 0P3, Ottawa

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: New Edinburgh - Lindenlea
Neighbourhood: 3302 - Lindenlea
Style:
Lot Size: x 142.00(Feet)
Approximate Age: 51-99
Tax: $12,122
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908