Deepak Sharma
Broker
Remax Royal Properties Realty Brokerage, Brokerage
Independently owned and operated.
7595 Markham Rd #19 , Markham, Ontario L3S0B6
Cell: 647-229-0670Office: 905-554-0101
$4,125,000
Available - For Sale
Listing ID: X11887796
595 West Hunt Club Rd , Tanglewood - Grenfell Glen - Pineglen, K2G 5X6, Ontario
| Rarely available. An opportunity to acquire a 8,993 square foot fully leased, highly visible Retail Plaza on .78 of an acre. Strategically located next to the Crossroads Centre at Merivale and Hunt Club Road. A primary arterial road with easy access. 35,000 vehicles Daily (Source City of Ottawa). The property provides a solid Tenant base with rental escalations through 2029. Net Operating Income is projected to be in excess of $200,000 within 24 months with potential future upside to rent. No major capital costs are needed for many years. A clean phase 1 environmental report is available. |
| Price | $4,125,000 |
| Taxes: | $26853.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 595 West Hunt Club Rd , Tanglewood - Grenfell Glen - Pineglen, K2G 5X6, Ontario |
| Postal Code: | K2G 5X6 |
| Province/State: | Ontario |
| Legal Description: | PCL 24-1, SEC 4M-601 ; BLK 24, PL 4M-601 |
| Lot Size: | 251.00 x 135.00 (Feet) |
| Directions/Cross Streets: | Merivale Road |
| Category: | Retail |
| Building Percentage: | Y |
| Total Area: | 8993.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 6493 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Approximatly Age: | 31-50 |
| Financial Statement: | Y |
| Chattels: | Y |
| Taxes Expense: | $26853 |
| Insurance Expense: | $4692 |
| Management Expense: | 3300 |
| Hydro Expense: | $3288 |
| Water Expense: | $2115 |
| Gross Income/Sales: | $245067 |
| Net Income Before Debt: | $194353 |
| Common Area Upcharge: | 10 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Act |
| Soil Test: | Envirn Audit |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Sewers: | Sanitary |
| Water: | Municipal |
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Deepak Sharma
Broker
Dir:
647-229-0670
Bus:
905-554-0101
| Virtual Tour | Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Tanglewood - Grenfell Glen - Pineglen |
| Neighbourhood: | 7502 - Merivale Industrial Park |
| Lot Size: | 251.00 x 135.00(Feet) |
| Approximate Age: | 31-50 |
| Tax: | $26,853 |
| Maintenance Fee: | $3,750 |
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