500 OVANA CRESCENT Wendover, Ontario K0A3K0

$6,499,000

ID# 1137693
32 UNITS BUILT IN 2018... 5 BLOCKS from the OTTAWA RIVER in WENDOVER, ONTARIO! IMMEDIATE CASH FLOW - units can be fully-rented upon closing. Separated into 6 buildings, 24 units are - 3bedrm 1.5 bath townhouses (1300-1500 sq ft) and 8 - 1bedrm, 1 bath apartments (800 sq ft) in a complex sitting on 1.1 acres of Land. PROJECTED GROSS INCOME: $421,020 - EXPENSES: $85,712 = $335,308 proj NOI (room for much more income in future). Separate gas and hydro meters for each unit - tenants pay those utilities. HWTs paid by landlord. Stone and vinyl siding with a design that makes it feel like a home and not an apartment building. ADDED VALUE - Registered as a CONDO (as Moe about this bonus!). Situated in a waterfront town of Wendover, nice place only 1hr from Montreal and 35 min to Ottawa. Average household income is $97,639 and 84% of the houses are single family residential. BIG NEED FOR GOOD RENTAL UNITS. GET IN ON THE GROUND FLOOR... UNBEATABLE PRICE FOR NEW MULTI-RES. WE WELCOME OFFERS! (id:25961)

Bathroom Total 0
Half Bathrooms Total 0
Year Built 2018
Stories Total 3

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Courtesy of RE/MAX HALLMARK REALTY GROUP

Moe McIlwain