Homes for sale - 93-95 Lower Charlotte ST, Lower Town

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Mahesh Khatri

mkhatri.teammahesh@gmail.com +1(416) 464-6568

$ 1,695,000

Est. payment | -/mo

10 Beds

6 Baths

Save

$ 1,695,000

Est. payment | -/mo

Save

10 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision 4002 - Lower Town

MLS Listing ID X12006603

Style 3-Storey

Bedrooms 10

Annual Tax Amount $10,810

Tax Year 2024

Property Sub-Type Triplex

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.

Location

Province ON

County Ottawa

Community 4002 - Lower Town

Area Ottawa

Rooms

Family Room No

Basement Unfinished

Kitchen 5

Interior

Interior Features Carpet Free, Storage, Water Heater Owned, Water Meter

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Porch, Patio

Parking Features Front Yard Parking, Lane

Pool None

View City

Roof Type Asphalt Rolled,Asphalt Shingle

Lot Frontage 37.95

Lot Depth 81.91

Total Parking Spaces 4

Building

Unit Features Public Transit,School,School Bus Route

Foundation Stone

Listed by ROYAL LEPAGE TEAM REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

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93-95 Lower Charlotte ST Lower Town - Sandy Hill, ON K1N 8J9