$5,500,000
Available - For Sale
Listing ID: X9519863
259 BRADLEY Ave , Vanier and Kingsview Park, K1L 7E8, Ontario
| Exceptional TO BE BUILT 12 unit multi-family offering located in a developing area in Ottawa. 259 Bradley offers easy access to amenities, public transportation, and major roadways, making it an ideal location for tenants and potential students. With the ongoing development in the area and favorable zoning policy, this property is positioned for significant appreciation and income potential for the years to come. The property's efficient design helps minimize maintenance costs and maximizes profitability for future owners. Benefits of this design and layout: No sprinkler system, each unit with their own access, no required accessible units, Lower development charges (Approx. $100k+), available parking, regular city garbage collection services, and no severance cash-in lieu required. With the new Zoning By-law amendment, there is potential to add an additional 4 units, to a total of 16 units as basement units will be undeveloped. Status: Pending Committee of adjustment approval |
| Price | $5,500,000 |
| Taxes: | $36745.00 |
| Occupancy by: | Tenant |
| Address: | 259 BRADLEY Ave , Vanier and Kingsview Park, K1L 7E8, Ontario |
| Postal Code: | K1L 7E8 |
| Province/State: | Ontario |
| Legal Description: | LTS 100 & 101, PL 246 ; VANIER/GLOUCESTE |
| Lot Size: | 66.00 x 94.74 (Feet) |
| Directions/Cross Streets: | Follow directions from HWY 417 E to Vanier PKWY N, turn right into Montreal Rd, North on Park St, Ri |
| Category: | Apartment |
| Insurance Expense: | $6480 |
| Water Expense: | $0 |
| Gross Income/Sales: | $324000 |
| Net Income Before Debt: | $256775 |
| Heat Type: | Heat Pump |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3402 - Vanier |
| Lot Size: | 66.00 x 94.74(Feet) |
| Tax: | $36,745 |
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