$1,595,000

Triplex

93-95 Lower Charlotte Street, Ottawa, ON

290 DAYS
10
6
0
3500-5000
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Listed by ROYAL LEPAGE TEAM REALTY

Property Highlights

Parking

4 spaces

Property Tax

$10,811/yr

Lot Size

3,108 sqft

Style

3-Storey

Basement

Unfinished

Monthly Cost

$7,636/mo

About This Home

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.

Monthly Cost

Monthly Mortgage$6,735
Property Tax ($10,811/yr)$901
Total$7,636

Price & Listing History

Schools

Location

Tap to view full map

Rooms

Main Level

Dining Room: 4.60m × 5.20m
Kitchen: 5.80m × 3.66m
Living Room: 4.60m × 5.20m
Bathroom: 1.80m × 2.40m
Bedroom: 4.60m × 3.66m
Bedroom: 4.60m × 3.66m
Kitchen: 5.80m × 2.66m
Powder Room: 1.50m × 1.00m

Second Level

Primary Bedroom: 5.18m × 3.66m
Bedroom: 3.66m × 3.66m
Bathroom: 3.66m × 3.66m
Laundry: 1.80m × 1.80m
Kitchen: 3.00m × 1.80m
Bedroom: 4.60m × 3.66m
Bathroom: 1.80m × 1.87m
Bedroom: 4.60m × 3.66m
Bedroom: 3.66m × 3.66m

Third Level

Bathroom: 2.13m × 2.13m
Bedroom: 4.20m × 3.66m
Bedroom: 4.30m × 4.50m
Bedroom: 3.66m × 3.66m
Bathroom: 2.13m × 2.13m
Kitchen: 4.50m × 3.66m

Listing Presented By

Iryna Tarabanovska

Iryna Tarabanovska

REALTOR®

+1 (647) 570-8221
iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage