Natalie Belovic Properties Buyer Seller REMAX - metro-city realty, brokerage - Direct 613-747-9914
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Lowertown- Byward Market

59-61 Parent Avenue  -  3 900 000$
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Property description


- Revenue $348,400.00 per year / Expense $131,455.00 per year
- Net operating income $216945 per year (based on actual and projected, revenues and expenses)
- 1959 Construction – Designed for young interns at Bruyère Hospital
- Owned and operated by Sisters of Charity since 1974 as a girl's residence
- Zoning R4s “Mature neighbourhood overlay”
- “Legally non-conforming Rooming House”
- Lot area 6,615 square feet
- Building is 11,000 square feet above grade plus 3700 square feet in lower level
- April 2018 Building Inspection on file
- May 2018 Appraisal Report on file
- Windows 2016 / Hot Water Tank (holding) 2017 / Boiler 2006 / Roof (older)
- 2005 Survey on file
- Parking for approximately 7 cars
- Completely furnished
- Lower: common room / kitchen / mechanical / storage rooms
- 1st floor: 17 rooms (same floor plan as floor 2 & 3) occupied by the nuns; used as offices, private lounge, kitchen, dining room, bedrooms
- 2nd & 3rd floor: 17 rooms / floor (11' x 9' average size), each room has a sink 2 rooms not rented – kept as guest rooms $30/night. separate shower room and W.C.s
- A total of 45-50 rentable rooms on upper floors ($550/month/rm) and possible 5 in the lower level ($500/month/rm)– Estimated $327,000.00 per annum income.

Property details


MLS # 1107521
Total Bathrooms 3
Total Bedrooms 50
Age 1959/ Approx
Legal Pt Lot 10 Plan 42482

Rooms


Rooms Level Dimensions*
Bedroom 2 2 22' x 9'
Bedroom 3 2 11' x 9'

* All dimensions are in feet.
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