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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 3102 - Manor Park
MLS Listing ID X12901784
Annual Tax Amount $29,874
Tax Year 2025
Property Sub-Type Investment
Lot Depth 49.96
Lot Front 109.5
Property Description
Rarely does a real estate investment property of this caliber become available. 3 Claremont Drive is an exquisitely designed, concrete and steel -constructed three-story building, masterfully built with no expense spared. The property features a dental office on the main floor and four spacious two-bedroom apartments on the second and third floors. Each apartment offers an identical layout of approximately 1,180 square feet and is finished with high-quality materials, including hardwood floors, ceramic tiling, and premium fixtures. Amenities include six appliances (with ensuite laundry), gas fireplaces, central air conditioning, intercom systems, and large balconies. The building provides six underground parking spaces and three tandem surface spaces at grade. The property maintains zero vacancy; the dental practice is on a long-term triple net lease, while residential tenants pay their own heat and hydro. There is significant upside potential for residential rental income. Given the new zoning overlay and the integrity of the pre-engineered concrete and steel superstructure, there may be an opportunity to add additional floors for further rental suites in the future. The current Net Operating Income (NOI) exceeds $156,000, with a clear path to increase this to over $180,000 upon turnover. There is a recent Building Inspection Report, and Appraisal on hand to be shared with qualified prospective buyers. All enquiries welcome.
Location
Province ON
County Ottawa
Area Ottawa
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 109.5
Lot Depth 49.96
Building
Building Age 16-30
Others
Security Features Yes
ParcelsYN No
Listed by LPT REALTY
NEARBY SCHOOL & BUSINESS
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