2208 ST JOSEPH BOULEVARD, Ottawa, Ontario

ID#505529 | MLS# 1307689 | Listed at $3,750,000.00
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A ten-unit strip mall for sale. High traffic location on St Joseph Blvd, a main retail corridor in the East end suburb of Ottawa. Current rents are 30% below market value giving a sophisticated ... READ MORE
Real Estate - Ottawa -
Geoffrey Worthing
Sales Representative
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Description
A ten-unit strip mall for sale. High traffic location on St Joseph Blvd, a main retail corridor in the East end suburb of Ottawa. Current rents are 30% below market value giving a sophisticated investor a substantial upside opportunity to increase cash flow and property value over the coming cycle of lease renewals. The property has been valued based on its current financial performance. Investment projections illustrate the embedded rents will raise the property value to more than $6,500,000 once the leases achieve market rent rates around 2027 to 2028 using a 5% cap rate. This is a well-maintained property with 8 of 10 rooftop HVAC units having been replaced within the last few years. There are currently two units available for lease. Unit 113 is an end cap space comprising 1,151 sf. Unit 103 is an inline unit comprising 650 sf. Net rent for new leases starts at $30 psf. Building operating costs are $11 psf. The Seller is not willing to provide vendor financing. (id:1508)
Special Features
  • Constructed Date: 1990
  • Fireplace Present: False
  • Has Acreage: false
  • Ownership Type: Freehold
  • Parking Space Total: 42
  • Zoning: AM
Property Features (Convert Measurements to Imperial)
Property Type Commercial
Building Style Bungalow
Listing Type For Sale
Age 1990
Property Information (Convert Measurements to Imperial)
Number of Bedrooms 0.0
Number of Bathrooms 0.0
Seller's Comments

The seller has not posted any comments at this time.

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Mortgage Information
Title: Five Year Fixed Mortgage Rates
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $187,500 2.69% 25 Years 5 year Fixed $16,774 $599,218
10.00%  -  $375,000 2.69% 25 Years 5 year Fixed $15,776 $569,253
20.00%  -  $750,000 2.69% 25 Years 5 year Fixed $13,748 $508,421
Title: 3 Year Fixed Mortgage Rates
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $187,500 2.29% 25 Years 3 year Fixed $16,038 $577,112
10.00%  -  $375,000 2.29% 25 Years 3 year Fixed $15,083 $548,463
20.00%  -  $750,000 2.29% 25 Years 3 year Fixed $13,144 $490,303
Title: One Year Closed
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $187,500 2.69% 25 Years 1 year Fixed $16,774 $599,218
10.00%  -  $375,000 2.69% 25 Years 1 year Fixed $15,776 $569,253
20.00%  -  $750,000 2.69% 25 Years 1 year Fixed $13,748 $508,421

Disclaimer:

Rates are subject to change and cannot be guaranteed.
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