Lower Town - Sandy Hill K1N 8J9 Ontario
MLS: X12006603
Added 50 days ago | For Sale
Listed by: ROYAL LEPAGE TEAM REALTY
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.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Living Room | Carpet Free | 15 ft, 1 in x 17 ft, 1 in |
| Dining Room | Overlooks Dining, Carpet Free | 15 ft, 1 in x 17 ft, 1 in | |
| Kitchen | Renovated, B/I Dishwasher, W/O To Sundeck | 19 ft x 12 ft | |
| Powder Room | 2 Pc Bath | 4 ft, 11 in x 3 ft, 3 in | |
| Bedroom | 15 ft, 1 in x 12 ft | ||
| Bedroom | 15 ft, 1 in x 12 ft | ||
| Bathroom | 4 Pc Bath | 5 ft, 11 in x 7 ft, 10 in | |
| Kitchen | Renovated | 19 ft x 8 ft, 9 in | |
| Second | Primary Bedroom | W/O To Balcony, W/W Closet | 17 ft x 12 ft |
| Bathroom | 4 Pc Bath, Soaking Tub | 12 ft x 12 ft | |
| Bedroom | Murphy Bed | 12 ft x 12 ft | |
| Laundry | 5 ft, 11 in x 5 ft, 11 in | ||
| Bedroom | 15 ft, 1 in x 12 ft | ||
| Bedroom | 15 ft, 1 in x 12 ft | ||
| Bedroom | 12 ft x 12 ft | ||
| Bathroom | 5 ft, 11 in x 6 ft, 2 in | ||
| Kitchen | 9 ft, 10 in x 5 ft, 11 in | ||
| Third | Bedroom | 13 ft, 9 in x 12 ft | |
| Bedroom | 12 ft x 12 ft | ||
| Bedroom | 14 ft, 1 in x 14 ft, 9 in | ||
| Kitchen | 14 ft, 9 in x 12 ft | ||
| Bathroom | 3 Pc Bath | 7 ft x 7 ft | |
| Bathroom | 3 Pc Bath | 7 ft x 7 ft |
No property rooms available.
