37
See all 37 photos
$2,575,000
Est. payment /mo
8 Beds
6 Baths
New
11&13 Acacia AVE #11 #'s1-3; 13 #'s 1-3 New Edinburgh - Lindenlea, ON K1M 0P3
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 3302 - Lindenlea
MLS Listing ID X13558532
Bedrooms 8
Annual Tax Amount $12,122
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Kitchen 6
Interior
Cooling Partial
Heat Source Electric
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 40.09
Lot Depth 142.0
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by DIGI BROKERAGE
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