540 ST LAWRENCE STREET,Winchester, Ontario K0C2K0
Overview
- Multi Family
Description
Investment Opportunity: 6-plex in Winchester with a 7.7% cap rate. Prime location, short walk to the hospital. Mix includes 1×3-bed, 2×2-bed, and 3×1-bed units. Tenants cover expenses, excluding heat. Individually metered units. Efficient heating via a reliable boiler system. High rental demand ensures strong income. Well-maintained with upgrades like new windows (’16), communal hot water tank (’19), main water pump for heat (’23) and eavestrough on the extension (’23). Safety features include fire-retardant basement (’16) and a fire monitor panel (’16). Apartments have all been renovated in last 5 years. This is one of very few properties in Ottawa and surrounding with green cashflow after mortgage. Payment Structure: Downpayment – $250,000 – Mortgage payment – $6586/Mth @ 7%- Property Income $8057.83/mth – After everything paid you will profit $1471.83 / MTH free and clear or $17662/year clear! (27553817)
Details
Updated on March 12, 2024 at 2:14 pm- Property ID: 26187972
- Price: $1,250,000
- Land Area: 99.66 ft X 209.44 ft (Irregular Lot)
- Property Type: Multi Family
- Property Status: For Sale
- MLS#: 1365845
- Agent Office Name: AVENUE NORTH REALTY INC.
- Agent Name: Joey Van Benthem
- MLS URL: https://www.realtor.ca/real-estate/26187972/540-st-lawrence-street-winchester-winchester
- Agent Phone: 1-613-807-2550
Address
Open on Google Maps- Address 540 ST LAWRENCE STREET,Winchester, Ontario K0C2K0
- City Winchester
- Province Ontario
- Postal Code K0C2K0
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