$1,695,000
93-95 Lower Charlotte Street, LowerTownSandyHill, ON K1N 8J9
4002 - Lower Town, Lower Town - Sandy Hill,
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Welcome to 93-95 Lower Charlotte, built around 1907. Since 2003, all systems were updated... electricity: 100 amp service to 300 amp ... plumbing: lead pipes and cast iron to copper and ABS... remove most lath and plaster and installed insulation and sheetrock (5/8), replaced flooring with hardwood, laminate, vinyl or ceramic throughout. Built 5 new bathrooms and 1 powder room. Installed 3 full kitchens. The back and side bricks were replaced by vinyl siding and hardy-board. The front bricks and wooden entrance was replaced by new bricks and concrete stairs and landing. A rooftop deck, second floor balcony and a deck off of the 93 kitchen. 93-95 Lower Charlotte is a legal non-conforming Triplex... 93 Lower Charlotte has 2 bedrooms, 1-4pces en-suite and 1-powder room. Approx. 1,400 sq. ft. The main floor has Living/Dining area, powder room, renovated kitchen with access to large private deck. The second floor has a Master bedroom with access to balcony, walk-in closet and 4-pces ensuite, laundry room and a second bedroom with a Murphy bed. 95 Lower Charlotte has 2 bedrooms, a 4-pces bathroom and a kitchen on the main floor. On the second floor, there are 3 bedrooms, a 4-pces bathroom and a kitchenette with access to the front balcony. The third, located on third floor of 93-95 has private access from the back entrance. This unit 3 bedrooms, 2 3-peices bathrooms and a kitchen/living area. This unit has exclusive use of the roof-top deck with BBQ. TOTAL EXPENSES: Taxes - $11,699.00, Wifi - $1,573, Hydro - $2,690.00, Water - $1,713.43, Gas - $3,656.70 , Insurance: $5243.00 Total Operating Expenses is: $26,575.00. RENTAL REVENUES: Unit -1 at 93 : $2600 mth, Unit -2 at 95 : $3450.00, Unit - at 93-95 : $2350. TOTAL Rental Income: $8,400 * 12 = $100,800.00 ( rent includes all utilities) Net Operating Income (NOI) is $74,225.00. Capitalization Rate is : 4.4 ($74,225.00 / $1,695,000) There are 4 legal Parking spaces.
- Architectural Style: 3-Storey
- Property Type: Residential Freehold
- Property Sub Type: Triplex
- DirectionFaces: East
- Directions: Rideau Street to Coboug Street to Clarence Street to Lower Charlotte
- Tax Year: 2024
- Parking Features: Front Yard Parking, Lane
- ParkingSpaces: 4
- Parking Total: 4
- WashroomsType1: 3
- WashroomsType1Level: Ground
- WashroomsType2: 2
- WashroomsType2Level: Second
- WashroomsType3: 1
- WashroomsType3Level: Ground
- BedroomsAboveGrade: 10
- Interior Features: Carpet Free, Storage, Water Heater Owned, Water Meter
- Basement: Unfinished
- Cooling: Central Air
- HeatSource: Gas
- HeatType: Forced Air
- LaundryLevel: Main Level
- ConstructionMaterials: Brick
- Exterior Features: Porch, Patio
- Roof: Asphalt Rolled, Asphalt Shingle
- Sewer: Sewer
- Foundation Details: Stone
- Parcel Number: 042360005
- LotSizeUnits: Feet
- LotDepth: 81.91
- LotWidth: 37.95
- PropertyFeatures: Public Transit, School, School Bus Route
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