381 Cooper Street

Great Income property which has been highly updated - Fully Occupied by very good tenants. Property features a wonderful Commercial Tenant on Main Floor - Large 2-bedroom residential suite on part of 2nd floor & 3rd floor which features luxurious finishes, a front porch & a large 15 feet by 15 feet outdoor deck off the 3rd floor living area -1-bedroom residential suite on part of the 2nd floor. Both residential units have their own Furnace, Central Air conditioner, & Laundry Area. Commercial tenant pays for annual commercial property tax ($11,416) divided into monthly payments & also pays portion of annual property insurance ($276 per month for a total of $3,312.00 plus pays 70% of total city of Ottawa water bill for the complete property & other usage bill such as hydro, heat. Rent for 1-Bedroom unit is $1,575/mth plus hydro & heat - Rent for 2-Bedroom unit is $2,700/mth plus hydro & heat - Rent for 1st floor Commercial Tenant is $4,334/mth plus all above listed commercial tenant costs. Total approx. Gross Income = $103,308.00 - Approx. Total Gross Expenses to be paid by the Landlord/Owner (less the tenants portions) = $14,728 - Approx. Total net Income = 88,580 - Approx. CAP Rate of 6.46. Loads of updates throughout this centrally located building. The Front of the property has Heritage Designation. ***Commercial portion of the property will have HST (In Addition) Applicable to the Sale Price***