view of front of property with a balcony and brick siding Features: electric meter, balcony More Photos

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    For Sale - 93-95 Lower Charlotte Street, Lower Town - Sandy Hill, Ontario

    Est payment $7,906/mo
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    Time on Jump  89 day

    AI Summary *

    • Triplex built in 1907, fully updated with modern systems since 2003.
    • Features five new bathrooms and three full kitchens for convenience.
    • Private rooftop deck with BBQ and multiple outdoor spaces for relaxation.
    • Legal non-conforming triplex with strong rental income of $100,800 annually.
    • Includes four legal parking spaces, adding value and convenience.




    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.
    Listing IDX12006603
    Address93-95 Lower Charlotte Street
    CityLower Town - Sandy Hill, Ontario
    Price$1,595,000
    Bed / Bath10 / 6 Full
    Style3-Storey, Triplex
    ConstructionBrick
    Land Size3280
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Carpet Free, Storage, Water Heater Owned, Water MeterOutdoor Features Porch, PatioAmenities Public Transit, School, School Bus RouteOwnership FreeholdViews CityBasement UnfinishedFoundation StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Agency:  ROYAL LEPAGE TEAM REALTY
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    93-95 Lower Charlotte Street
    Lower Town - Sandy Hill , Ontario
    10 6 $1,595,000
    Get more info