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93-95 LOWER CHARLOTTE STREET, Ottawa
2025-03-07
Quick Summary
- Location
- 93-95 LOWER CHARLOTTE STREET, Ottawa, Ontario K1N8J9
- Price
- $1,595,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 3500 - 5000 sqft
- Bedrooms:
- 10
- Bathrooms:
- 6
MLS®#X12006603
Property Description
Welcome to 93-95 Lower Charlotte, built around 1907. Since 2003, all systems were updated... electricity: 100 amp service to 300 amp ... plumbing: lead pipes and cast iron to copper and ABS... remove most lath and plaster and installed insulation and sheetrock (5/8), replaced flooring with hardwood, laminate, vinyl or ceramic throughout. Built 5 new bathrooms and 1 powder room. Installed 3 full kitchens. The back and side bricks were replaced by vinyl siding and hardy-board. The front bricks and wooden entrance was replaced by new bricks and concrete stairs and landing. A rooftop deck, second floor balcony and a deck off of the 93 kitchen. 93-95 Lower Charlotte is a legal non-conforming Triplex... 93 Lower Charlotte has 2 bedrooms, 1-4pces en-suite and 1-powder room. Approx. 1,400 sq. ft. The main floor has Living/Dining area, powder room, renovated kitchen with access to large private deck. The second floor has a Master bedroom with access to balcony, walk-in closet and 4-pces ensuite, laundry room and a second bedroom with a Murphy bed. 95 Lower Charlotte has 2 bedrooms, a 4-pces bathroom and a kitchen on the main floor. On the second floor, there are 3 bedrooms, a 4-pces bathroom and a kitchenette with access to the front balcony. The third, located on third floor of 93-95 has private access from the back entrance. This unit 3 bedrooms, 2 3-peices bathrooms and a kitchen/living area. This unit has exclusive use of the roof-top deck with BBQ. TOTAL EXPENSES: Taxes - $11,699.00, Wifi - $1,573, Hydro - $2,690.00, Water - $1,713.43, Gas - $3,656.70 , Insurance: $5243.00 Total Operating Expenses is: $26,575.00. RENTAL REVENUES: Unit -1 at 93 : $2600 mth, Unit -2 at 95 : $3450.00, Unit - at 93-95 : $2350. TOTAL Rental Income: $8,400 * 12 = $100,800.00 ( rent includes all utilities) Net Operating Income (NOI) is $74,225.00. Capitalization Rate is : 4.4 ($74,225.00 / $1,695,000) There are 4 legal Parking spaces. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Public Transit, Schools
Building
- Appliances: Water Heater, Water meter, Dishwasher, Dryer, Hood Fan, Microwave, Stove, Washer, Refrigerator
- Basement Development: Unfinished
- Basement Type: N/A (Unfinished)
- Cooling Type: Central air conditioning
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 3500 - 5000 sqft
- Building Type: Triplex
- Stories: 3
- Utility Water: Municipal water
Features
- Feature: Lane, Carpet Free
Land
- Land Size: 38 x 81.9 FT
- Sewer: Sanitary sewer
Structure
- Structure: Porch, Patio(s)
Information entered by ROYAL LEPAGE TEAM REALTY
Listing information last updated on: 2025-10-22 05:22:11
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