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Overbrook (Ottawa, Ontario, CA)
$1,450,000 RETAIL PLAZA
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"6 UNIT RETAIL FULLY LEASED PLAZA"
 

Keller Williams Ottawa Realty Ltd., Brokerage


Elaine MacLean
 
Elaine MacLean
Email Elaine
 
Phone: 613-788-7470
Fax: 613-788-7471
 
Details

Address: 293 QUEEN MARY ST. Type: Commercial Style:  Bedrooms: 6 "SIX COMMERCIAL UNITS" Basement: Yes, Full "HAS POTENTIAL TO LEASE" Size: 6,000 sq. ft. "MAIN FLOOR PLUS BASEMENT" Lot Type: Rectangular Lot Size:  0.34acres  175ft x 85ft "FRONTING ON MAIN BUSY STREET" Year Built: 1959 Taxes: $19,634.00
 
Description

SIX UNIT RETAIL PLAZA ON A VERY BUSY STREET IN OTTAWA IN ST. LAUTENT MALL AREA - ALL UNITS ARE FULLY LEASED WITH GROSS RENATL INCOME OF $161,700.00- TOTAL OPERATION EXPENSES INCLUDING PROPERTY TAXES ARE $57,000.00. CASH FLOW AVAILABLE IS $154,700. PLUS MORE

ADDITIONAL DETAILS
Year Built: 1959/ Approx
Legal Description: Plan 342, Lot 526,527,528,529,530 & 531
ZoningLC (1497) Local Commercial
Roll #: 0614031301152000000
Lot Size: 85.00 x 175.00
Lot Area0.34 Acres
Building Area6000 Square Feet from outside
Leasable Area5650 Square Feet
Additional Area5650 Square Feet Basement
Electrical100 to 200 Mixed ( Each tenant has its own)
FoundationPoured Concrete
FramingMasonry Brick
RoofFlat Tar & Gravel – New 2010
Realty Taxes:$19,000 - Year 2012
Heating:Forced Air Natural gas
Water Sewage:Municipal
Parking:12 Cars plus street.
Exterior: Brick
 
Highlights

▪ • Seller may take a second mortgage
• Introduction to commercial Mortgage Broker can be arranged
▪ • 65% first mortgage to qualified prospects up to 70% possible
• Seller will provide Rent Roll Leases
▪ • All expenses are approximate – Seller will prove with exact numbers
• Tenants pay their own hydro
▪ • Rent does not include HST, Tenants pays extra
• Landlord pays Heat and Water
• Basement has potential to rent out
▪ CASH FLOW AND OPERATING EXPENCES PER YEAR (AVERAGE)

Insurance 5,064.00
Property Taxes 19,634.00
▪ Maintenance and Garbage 7,732.00
Water (Based on 2008 -2009 Bills) 5,127.00

▪ Hydro (Based on 2008 -2009 Bills) 1,355.00
Gas (Based on 2008 -2009 Bills) 8,655.00
▪ TOTAL 47,567.00

RENTAL GROSS INCOME 149,700.00
TROTAL EXPENSES 47,567.00

CASH FLOW AVAILABLE 102,133.00

▪ additional $50,000 contract just signed. option to buy contract with plaza to be negociated

Features
Interior Features
▪ Alarm System
Heating
▪ Forced Air ▪ Natural Gas
Exterior Finish
▪ Brick
Sewer/Water Systems
▪ Public
Cooling
▪ Central Air
Extra Features
▪ Cable Available ▪ High Speed Internet Available ▪ Public Transportation
▪ Reserved Parking ▪ Satellite Dish ▪ Storage
Brokered and Advertised by:   Prudential Town Centre Realty P2#24362122
 

Information is deemed to be correct but not guaranteed.



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