| 12-plex, plus storefront and office - 184 Laval St. & 30 Marier, Beechwood Village - $995,000 -SOLD- | ||||||||||||||||||||||||||||||||||||||||||
 Great investment in up and coming changing area of Beechwood and Vanier neighbourhood. Just one block off Beechwood Avenue across from Rockcliffe and New Edinburgh. Lots of newer retail development nearby, restaurants, the famous Works, Bridgehead Coffee, etc. 5 large 2 bedroom units and 7 - 1 bedrooms. Large commercial store currently vacant, and a small office space that can be separated. Was previously grocery and then an art gallery. Many units have been updated as newer tenants enter. $995,000  Building is very well kept and managed. Tenants pay all hydro. Beautiful private rear patio with interlock terrace and garden with barbecue for tenants to enjoy. Bright and open coin operated laundry room. Lots of updates and fire retrofitted. Approx $133,700 gross and $83,600 net. Assumable 1st mortgage of $730,000 at 5.86% until Aug 2011 (approx $4,621/month, and remaining balance of approx $708,000, 2008/Mar).Recent renovations and improvements: $5,000 additional hot water tank to increase capacity. $11,000 new chimney. $30,000 renovations to commercial area and basement, including new separate hydro meter for this area. New carpet throughout common areas. Painted all common areas. Garden and landscaping barbecue patio area Renovations in several apts as they come up for rent with new tenants. NOTE: Some minor maintenance on roof required in near future, contractors quote of $4,995 + GST on file. Rents run $600 to $800 per apt. Breakdown supplied with offer to purchase. Commercial was rented for $1,950 per month plus some additional common costs paid of approx $588 per month on top. INCOME: Approx.$133,700 p/year includes $2,900 laundry, $7,000 additional commercial income and $23,400 commercial rent from past comm. tenant. EXPENSES: Management fee 5% of apartment & 3% of commercial rents collected Cleaning $1,800 p/year Water $4,544 p/year Hydro $1,351 p/year common areas Gas $13,409 boiler Taxes $16,569 (for 2007) Insurance $4,152 (Insured for replacement of 1.678 million). NOTE: Bank appraisal of approx $975,000 and current mortgage of $730,000 @ great 5.86% due 2011 paying $4,621 p/m. with Caisse Pop. (remaining balance is approximately $708,000 at 2008/Mar) NOTE: All information supplied by Seller and not warranted by listing agents. |
* ADDITIONAL INFORMATION IS AVAILABLE BY CLICKING ON THE PICTURE. | |||||||||||||||||||||||||||||||||||||||||
 Listed by: Eric Manherz ... email eric@ericmanherz.com ... phone 613-238-2801 ... tollfree 1-877-757-7386
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