5 RENFREW STREET
Petawawa, Ontario
MLS® X13688928
$4,400,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13688928
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 18Listing description
A rare opportunity to acquire three well-maintained multi-residential buildings, each offering 8 fully self-contained units for a total of 24 rental apartments - all 2 bedroom, 1 bathroom units. All units are currently tenant occupied, providing immediate and consistent rental income in Petawawa's strong rental market. Ideally located close to Garrison Petawawa, with convenient access to CNL and Pembroke, this property offers an excellent combination of location, stability and investment potential.
Zoned R3-E8, the property provides a desirable multi-residential use with zoning provisions, along with detailed income and expense information upon request with a signed NDA. Each unit has separate hydro metering, with tenants responsible for their own heat and hydro costs, helping keep operating expenses manageable. Built new in 2012, the buildings offer a low-maintenance investment with modern construction and units that remain in demand.
Convenient onsite storage is also available, with 18 separate storage units providing tenants with additional secure space for their belongings. Opportunity for higher rents with some units when tenants turnover. With 24 units, strong occupancy and a desirable Petawawa location, this is an exceptional opportunity for investors seeking a substantial multi-residential asset with established income.
Gross Rents Yearly: $346,619. 16. Operating Expenses Yearly: $117063.
16. Net Income Yearly: $229,556. 00.
Please allow 48 hours irrevocable on all offers.
Property summary
- MLS® number
- X13688928
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 1 sq ft
- Land size
- 1 acres
- Annual property taxes
- $67,800.84
- Days on market
- 30 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- None
- Appliances
- Washer, Dishwasher, Dryer, Microwave
What would this home cost you?
Based on the $4,400,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE EDMONDS & ASSOCIATES, PEMBROKE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.