Property Address: 164 Clarence St, Ottawa, ON, K1N5P8
Average square foot calculated using Size range provided by listing agent.
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.Show Description