2870 Colonial Rd
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2870 Colonial Rd
5 Unit Block of Flats £348,640 (£69,728/Unit) 6.45% Net Initial Yield Ottawa, ON K0A 3E0
Investment Highlights
- This 5-plex offers tremendous potential for real estate investors
- Each apartment offers its own parking & outdoor storage
- Situated minutes to Orleans & Navan
Executive Summary
Welcome to an exceptional investment opportunity that you won't want to miss! This 5-plex offers tremendous potential for real estate investors with multiple units currently renting below market value, this property presents an exciting chance to increase returns & maximize profitability. Situated minutes to Orleans & Navan, this 5-plex boasts 3 two-bedroom apartments & 2 one-bedroom apartments & with a consistently full occupancy rate, ensuring a steady stream of rental income for savvy investors. Each apartment offers its own parking & outdoor storage, enhancing the overall appeal for potential renters. 4 individual electrical meters for convenience & control. The landlord currently covers electricity for the common areas and apartments 4 and 5. This is your chance to capitalize on a promising real estate investment that promises consistent returns and long-term growth. Don't let this opportunity slip away - schedule a viewing now and seize the potential that awaits at this 5-plex!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£32,381
|
£16.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£32,381
|
£16.19
|
| Taxes |
£2,188
|
£1.09
|
| Operating Expenses |
£7,779
|
£3.89
|
| Total Expenses |
£9,967
|
£4.98
|
| Net Operating Income |
£22,414
|
£11.21
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £32,381 |
| Annual Per SF | £16.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £32,381 |
| Annual Per SF | £16.19 |
| Taxes | |
|---|---|
| Annual | £2,188 |
| Annual Per SF | £1.09 |
| Operating Expenses | |
|---|---|
| Annual | £7,779 |
| Annual Per SF | £3.89 |
| Total Expenses | |
|---|---|
| Annual | £9,967 |
| Annual Per SF | £4.98 |
| Net Operating Income | |
|---|---|
| Annual | £22,414 |
| Annual Per SF | £11.21 |
Property Facts
| Price | £348,640 | Apartment Style | Low Rise |
| Price Per Unit | £69,728 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Net Initial Yield | 6.45% | Building Size | 2,000 SF |
| No. Units | 5 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Price | £348,640 |
| Price Per Unit | £69,728 |
| Sale Type | Investment |
| Net Initial Yield | 6.45% |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 2,000 SF |
| Number of Floors | 2 |
| Year Built | 1960 |
| Parking Ratio | 3/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 2 | - | - |
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2870 Colonial Rd
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