ON > Stittsville - Munster - Richmond > 8204 - Richmond
Stittsville - Munster - Richmond, ON K0A 2Z0,5931 Perth ST
Stittsville - Munster - Richmond, ON K0A 2Z0,5931 Perth ST
Stittsville - Munster - Richmond, ON K0A 2Z0,5931 Perth ST
Stittsville - Munster - Richmond, ON K0A 2Z0,5931 Perth ST
Stittsville - Munster - Richmond, ON K0A 2Z0,5931 Perth ST
Stittsville - Munster - Richmond, ON K0A 2Z0,5931 Perth ST
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 3,565,000
Est. payment | /mo

1 SqFt

Save
$ 3,565,000
Est. payment | /mo
Save

1 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 1 sqft

Price per Sqft $3,565,000

Subdivision 8204 - Richmond

MLS Listing ID X11228242

Annual Tax Amount $21,874

Tax Year 2023

Property Sub-Type Investment

Property Description

Welcome to Richmond, the fast developing rural suburb of Ottawa in the heart of the Greenbelt. This is an incredible opportunity to invest in the residential rental property in the heart of Richmond at a a fair price. This property consists of 16 x one bedroom apartments of various sizes, average rent is $1,182/month, meaning there is significant upside potential. The owner has been renovating units as they become available, however there are a number that still need upgrading. The building is built on a slab so all units are direct walk-in and could easily be converted to a seniors residence. Unit sizes vary from 500sq ft to close to 800sq ft which provide potential to add a second bedroom and higher rents. The owner has also installed coin op washer and dryers plus a reverse osmosis water system that sells bottled water for additional income. Another feature is that the property enjoys a residential tax rate that is far lower than comparable properties. Units are electric heat and tenants pay their own electric bills and . In considering this property, buyers should be aware that the property is slightly larger than an acre and given it's corner location on the main street of Richmond, it could provide the cornerstone of a land assembly. Property has been owner managed for 27yrs and all maintenance issues are dealt with promptly. **EXTRAS** All offers must include the completed Schedule B attachment

Location

Province ON

County Ottawa

Community 8204 - Richmond

Area Ottawa

Interior

Cooling No

Exterior

Community Features Greenbelt/Conservation, Recreation/Community Centre

Utilities Available Yes

Lot Frontage 150.67

Lot Depth 248.75

Others

Security Features No

Listed by RE/MAX HALLMARK SAM MOUSSA REALTY
advisor-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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