381 Cooper Street

Great Income property which has been highly updated - Fully Occupied by very good tenants. Property features a wonderful Commercial Tenant on the Main Floor. A 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 and a1-bedroom residential suite on part of the 2nd floor. Both residential units have their own Furnace, Central Air conditioner, & Laundry Area. Commercial tenant pays $4,334.00/mth which includes the annual commercial property tax & portion of annual property insurance, in addition the Commercial tenant pays approx. 70% of total city of Ottawa water bill for the complete property (approx. $1,680.00 is the Commercial Tenants portion) & other usage bills 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. Total approx. Gross Income = $103,308.00 - Approx. Total Gross Expenses to be paid by the Landlord/Owner = $26,509.39 - Approx. Total net Income = $76,798.61 - Approx. CAP Rate of 5.61. 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***

Arts Centre, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, Separate Heating Controls, Separate Hydro Meter