164 Clarence Street
Ottawa, Ontario, Canada
  • 9 Beds
  • 3 Baths
$846,324 USD

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164 Clarence Street, Ottawa, Ontario, Canada

Property Features

  • MLS # 28380309
  • Original Price: 1,149,900 CAD
  • Original Currency: CAD
  • Total Bathrooms: 3
  • Full Bathrooms: 3
map-entry

Property Description

This property is well located in the heart of downtown Ottawa. 3- 3 Bedrooms Apartments fully rented all above ground , great tenants. All Units have 5 appliances, fridges and stoves and washer and dryer and dishwashers. The units , are fully rented as follow: ( Apt 1 rented at $2048.00 + hydro) and has been served notice effective September 01 rent will increase to $2,099.00+ hydro , ( Apt #2 rented at $2205.00 + hydro) , (Apt #3 rented at $2205.00 plus hydro) . Total yearly rental income for the 3 units ($78,108.00 as of September 01 2025) + 4 parking spaces rented at $150 Monthly or $7200.00 yearly. = Gross Income before expenses $ 85,308.00 Total Expenses $22,332.00 as follow : ( Property Taxes $7800.00, Heat $6000.00, common hydro $561.00, Water $1,768.00, Insurance $5100.00, snow removal $1100.00) . TOTAL NET INCOME after expenses $62,929.00 . Please allow 24 hours on all offers and 24 hour notice for all showings. (id:8860)

Property Highlights

  • Garage Count: 1 Car Garage

Location

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