164 Clarence Street Ottawa, ON K1N 5P8
Listing Courtesy of:  CREA / Coldwell Banker Sarazen Realty / Nantha Aiyadurai

  164 Clarence Street Ottawa, ON K1N 5P8

Active (40 Days)
$1,149,900
9
BED
3
BATH
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Description

This property is well located in the heart of downtown Ottawa. 3- 3 Bedrooms Apartments fully rented all above ground , great tenants. All Units have 5 appliances, fridges and stoves and washer and dryer and dishwashers. The units , are fully rented as follow: ( Apt 1 rented at $2048.00 + hydro) and has been served notice effective September 01 rent will increase to $2,099.00+ hydro , ( Apt #2 rented at $2205.00 + hydro) , (Apt #3 rented at $2205.00 plus hydro) . Total yearly rental income for the 3 units ($78,108.00 as of September 01 2025) + 4 parking spaces rented at $150 Monthly or $7200.00 yearly. = Gross Income before expenses $ 85,308.00 Total Expenses $22,332.00 as follow : ( Property Taxes $7800.00, Heat $6000.00, common hydro $561.00, Water $1,768.00, Insurance $5100.00, snow removal $1100.00) . TOTAL NET INCOME after expenses $62,929.00 . Please allow 24 hours on all offers and 24 hour notice for all showings. (id:41440)

MLS®:
X12179677
Type
Multifamily
County
Ottawa

Listed By

J.P. Laurin, Coldwell Banker Sarazen Realty, Brokerage
Nantha Aiyadurai, Coldwell Banker Sarazen Realty, Brokerage
Source
CREA
Last checked Jul 7 2025 at 9:19 PM EDT
Bathroom Details
  • Full Bathrooms: 3
Property Features
  • Foundation: Stone
Heating and Cooling
  • Hot Water Radiator Heat
  • Natural Gas
Basement Information
  • Unfinished
  • Full
Exterior Features
  • Brick
  • Stucco
Utility Information
  • Sewer: Sanitary Sewer
Parking
  • No Garage
  • Total: 4
Stories
  • 3
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by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 7/7/25 14:19

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