1943 ST JOSEPH BOULEVARD

Ottawa, Ontario

K1C2E2
700,000
Vacant Land
153.68 x 187 total lot size available - see MLS 1135952. Future development opportunity in prime high traffic location of St Joseph Blvd corridor! Walking distance to the future LRT extension in Orleans. Zoned Arterial Mainstreet. Property currently rented at $2200/month on a 5 year lease which commenced July 2018. (Agreed $200/month increase every year). Tenants pays heat, hydro & water. 2019 Gross income: $74,400. Total expenses: $9600. Net income: $64,800 (these numbers are across both properties). Properties are eligible for St. Joseph Community Improvement Plan subsidies which is a 75% reimbursement of incremental taxes paid for redevelopment, for a period of 10 years. (id:6355)

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THE TRADEMARKS MLS®, REALTOR®, AND THE ASSOCIATED LOGOS ARE OWNED OR CONTROLLED BY THE CANADIAN REAL ESTATE ASSOCIATION. USED UNDER LICENSE. MLS®, REALTOR®, AND THE ASSOCIATED LOGOS ARE TRADEMARKS OF THE CANADIAN REAL ESTATE ASSOCIATION.