Ottawa & Eastern OntarioNicolas Sigounis, REALTOR® · EXIT Realty Matrix, Brokerage

5 Renfrew Street Petawawa, Ontario K8H 0B6

1 Acres
None Baseboard Heaters Acreage

$4,100,000

A rare opportunity to acquire three well-maintained multi-residential buildings, each offering 8 fully self-contained units for a total of 24 rental apartments - all 2 bedroom, 1 bathroom units. All units are currently tenant occupied, providing immediate and consistent rental income in Petawawa's strong rental market. Ideally located close to Garrison Petawawa, with convenient access to CNL and Pembroke, this property offers an excellent combination of location, stability and investment potential. Zoned R3-E8, the property provides a desirable multi-residential use with zoning provisions, along with detailed income and expense information upon request with a signed NDA. Each unit has separate hydro metering, with tenants responsible for their own heat and hydro costs, helping keep operating expenses manageable. Built new in 2012, the buildings offer a low-maintenance investment with modern construction and units that remain in demand. Convenient onsite storage is also available, with 18 separate storage units providing tenants with additional secure space for their belongings. Opportunity for higher rents with some units when tenants turnover. With 24 units, strong occupancy and a desirable Petawawa location, this is an exceptional opportunity for investors seeking a substantial multi-residential asset with established income. Gross Rents Yearly: $346,619.16. Operating Expenses Yearly: $117063.16. Net Income Yearly: $229,556.00. Please allow 48 hours irrevocable on all offers. (id:67947)

Property Details

MLS® Number X13688928
Property Type Multi-family
Community Name 520 - Petawawa

Building

Appliances Dishwasher, Dryer, Microwave, Washer
Cooling Type None
Heating Type Baseboard Heaters
Size Interior 1 Acres
Type Multi-family
Utility Water Municipal Water

Land

Acreage Yes
Size Depth 311 Ft
Size Frontage 144 Ft ,7 In
Size Irregular 1
Size Total 1 Ac
Size Total Text 1 Ac
Zoning Description R3-e8

https://www.realtor.ca/real-estate/30170382/5-renfrew-street-petawawa-520-petawawa

Nicolas Sigounis, REALTOR®

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Nicolas SigounisREALTOR® · EXIT Realty Matrix, Brokerage

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Listing courtesy of Ryan Pattinson, Royal LePage Edmonds & Associates

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Estimate only. This is not a rate offer or a mortgage approval. Payments use Canadian semi-annual compounding. Insurance premiums, taxes and rates can change, and legal fees, adjustments and other closing costs are not included. Confirm your numbers with your lender.