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.
Address
93-95 Lower Charlotte Street
List Price
$1,595,000
MLS® Status
Price Change
Expiration Date
2026-07-09
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
3-Storey
Transaction Type
For Sale
Area
Lower Town - Sandy Hill
Sub-Area
4002 - Lower Town
Region
Ottawa
Bedrooms
10
Bedrooms (Total)
10
Rooms Above Grade
20
Bathrooms
6
Floor Area
3500-5000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
81.91
Lot Size Units
Feet
Lot Width
37.95
Parcel Number
042360005
Occupant Type
Owner+Tenant
Cross Street
Cobourg Street
MLS® Number
X12006603
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
Unfinished
Postal Code
K1N 8J9
Posession Details
To be arranged
Parking
Front Yard Parking, Lane
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$10,810.50
Tax Year
2024
Exterior Features
Porch, Patio
Interior Features
Carpet Free, Storage, Water Heater Owned, Water Meter
Property Features
Public Transit, School, School Bus Route
Cable
Yes
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
UFFI
No
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
5
Kitchens Above Grade
5
Pool Features
None
Roof
Asphalt Rolled, Asphalt Shingle
Tax Legal Description
Lt 4, PL 102148,PT LT 3, PL 102148, As In N341594; Ottawa
View Type
City
Waterfront
No
Sewer
Sewer