Commercial For Sale In Cardinal, Ontario


Property Information:

Income generating INVESTMENT property: 7 UNIT multi-residential bldg Town Cardinal on 1/2 acre property, walk to St Lawrence River. Former hotel completely renovated & tastefully updated 2006-07, maintaining charm & character, high ceilings. Construction to building code, retrofit certificate. New windows, kitchens, bathrms & flooring. Bsmt under main building. New $40k roof main building Nov 2020, metal roof mid-section 2000. Well worth short drive for savvy investor w/CAP RATE over 6%! Investor could live in back unit w/2300 SF 2 storey living space. Main bldg: 1st level - two 1 bedroom units, 2nd level - one 1 bdrm & one 2 bdrm units, 3rd level one 1 bedrm & one 2 bedrm, + 2300SF unit in back w/separate entrance. 8th unit could be created on back upper level. Fire emergency exits. Balconies & deck for some units. Adult only building, never any vacancies. Heat & Hydro incl in rent. Shared laundry main bldg, back unit w/in unit laundry. Parking 20 vehicles. 24 hr irrev on all offers.

Property Features:

  • Annual Tax Amount: $5,041
  • Additional Property Uses ICI: Apartment 5+Units, Retail
  • Air Conditioning Desc: Central Air Conditioning
  • Amenities: Cable TV
  • Basement Description: Low
  • Basement Dev: Unfinished
  • Built in: 1898
  • Exterior Finish: Brick, Siding
  • Fire Protection:
  • Foundation: Slab, Stone
  • Heat Desc: Baseboard, Forced Air
  • Lot Depth: 75.97 Metre
  • Lot Frontage: 22.65 Metre
  • Roofing Type: Asphalt Shingle, Metal
  • Sewer Type: Sewer Connected
  • Title: Freehold
  • Zoning: MC Main Commercial
  • Heating Fuel: Natural Gas, Electricity
  • Water Supply: Municipal
  • No. of Parking Spaces: 20

Courtesy of: Royal LePage Team Realty

Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7
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