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$327,000

8 Potvin Street Bourget, Ontario K0A 1E0

8 Potvin Street, Bourget, Ontario  K0A 1E0 - Photo 1 - 1291555
8 Potvin Street, Bourget, Ontario  K0A 1E0 - Photo 2 - 1291555
8 Potvin Street, Bourget, Ontario  K0A 1E0 - Photo 3 - 1291555
8 Potvin Street, Bourget, Ontario  K0A 1E0 - Photo 4 - 1291555
8 Potvin Street, Bourget, Ontario  K0A 1E0 - Photo 5 - 1291555
8 Potvin Street, Bourget, Ontario  K0A 1E0 - Photo 6 - 1291555

8 Potvin Street Bourget, Ontario K0A 1E0

Forced Air

Fully occupied 6 unit purpose-built rental property located in the lovely town of Bourget about a thirty-minute drive East of Ottawa. Zoning is grandfathered to permit the property to continue operating as a 6-plex. All units are one bed one bath. Bathrooms have been updated within the last few years. Rent is on a gross basis with all utilities included. Projected to generate gross revenue of $41,580 in 2022. Net revenue is projected to be $21,210 in 2022. The property is self-managed and maintained. The valuation has been established using a 4% cap rate after deducting a 5% vacancy contingency. This is a value add investment opportunity. The next owner can increase the net revenue by installing separate hydro meters and water submeters, turning over tenants and updating the unit interiors to increase rent. The natural gas furnace is approximately 5 years old. Storage sheds are included, with the exception of one storage unit owned by a tenant. To be sold in as-is condition. (id:42482)

Enquire about 8 Potvin Street, Bourget, Ontario K0A 1E0

    Property Details

    Property Details for 8 Potvin Street, Bourget, Ontario K0A 1E0

    MLS® Number 1291555
    Property Type Multi-family
    Neighbourhood Bourget
    Parking Space Total 6

    Building

    Building details for 8 POTVIN STREET, Bourget, Ontario K0A 1E0
    Constructed Date 1987
    Exterior Finish Siding
    Foundation Type Poured Concrete
    Heating Fuel Natural Gas
    Heating Type Forced Air
    Stories Total 1
    Utility Water Municipal Water

    Land

    Acreage No
    Sewer Septic System
    Size Depth 148 Ft
    Size Frontage 91 Ft
    Size Irregular 91 Ft X 148 Ft
    Size Total Text 91 Ft X 148 Ft
    Zoning Description Rv1 Non-conforming

    KELLER WILLIAMS INTEGRITY REALTY
    2148 Carling Ave., Units 5 & 6
    Ottawa, Ontario K2A 1H1

    (613) 829-1818
    (613) 829-3223
    www.kwintegrity.ca

    Bruno Gamache
    Salesperson

    (613) 878-3310
    KELLER WILLIAMS INTEGRITY REALTY
    2148 Carling Ave., Units 5 & 6
    Ottawa, Ontario K2A 1H1

    (613) 829-1818
    (613) 829-3223
    www.kwintegrity.ca

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