535-545 RUSSELL ROAD
Clarence-Rockland, Ontario K0A2A0

$4,500,000

ID# X9519706
Solid investment opportunity for the savvy investor! Priced at 6.4 cap with present-day NOI (current appraisal on file). Room to grow top line revenue on turnover (14 of 20 units remain rented under market rates). Consists of 2 buildings each with 10 units (7 x 2-bedrooms and 3 x 1-bedrooms) for a total of 20 units. Individual units registered as condos (but not operated as such), which opens interesting options for future exit strategies for the experienced investor. All units are individually metered for both heat (natural gas), hydro and equipped with A/C units. Low maintenance units with ceramic and laminate flooring throughout. Interior storage units available for each unit and plenty of parking. Built in 2015. Meticulously managed property by owner operators with pride of ownership. (id:25961)
Courtesy of RE/MAX DELTA REALTY TEAM
Listed on: September 18, 2024

On market: 134 days
Cooling Type Fully air conditioned
Heating Type Hot water radiator heat
Heating Fuel Natural gas
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Address Price Bed Bath SqFt Area Sub Area Brokerage
640 COBALT STREET Clarence-Rockland
640 COBALT STREET
 $950,000 4 3 42.19 x 310.86 FT ; 1 Clarence-Rockland RIGHT AT HOME REALTY
2608 GAGNE ROAD Clarence-Rockland
2608 GAGNE ROAD
 $175,000 - - 153.43 x 215.18 FT ; 1|1/2 - 1.99 acres Clarence-Rockland TRU REALTY
728 MATHIEU STREET Clarence-Rockland
728 MATHIEU STREET
 $499,900 3 2 20 x 120 FT ; 0 Clarence-Rockland PAUL RUSHFORTH REAL ESTATE INC.
1459 LAURIER STREET Clarence-Rockland
1459 LAURIER STREET
 $675,000 4 2 50.45 x 99.86 FT ; 0 Clarence-Rockland ROYAL LEPAGE PERFORMANCE REALTY
1136 VINETTE ROAD Clarence-Rockland
1136 VINETTE ROAD
 $289,900 - - 100.06 x 219.82 FT ; 0|1/2 - 1.99 acres Clarence-Rockland POWER MARKETING REAL ESTATE INC.
C3 - 861 DU GOLF ROAD Clarence-Rockland
C3 - 861 DU GOLF ROAD
 $239,000 - 1 50 x 50 FT ; 0 Clarence-Rockland EXP REALTY
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Jennifer Ritskes

SALES REPRESENTATIVE

Direct: 613.851.0788

Jennifer@JenniferRitskes.com

Innovation Realty Ltd.

8221-B Campeau Drive

Kanata, ON K2T 0A2

Phone (613) 755-2278

Fax   (613) 755-2279


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