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396 MACKAY STREET, Ottawa, Ontario $1,695,000.00 - Jim Norris RE/MAX Hallmark Realty Group
Jim Norris Broker
  • Jim Norris
  • Broker
  • 613-769-7147
  • JimNorrisRealEstate.com
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396 MACKAY STREET, Ottawa, Ontario

ID#464705 | MLS# 1195738 | Listed at $1,695,000.00
Real Estate - Ottawa -
Jim Norris
Broker
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Description
A rare opportunity to own this New Edinburgh purpose-built 5 unit (+ 1) income property on Mackay Street, named after Thomas McKay, one of the builders of the Rideau Canal lock system. Never a vacancy in this prime location bordered by the Rideau River to the west, the Ottawa River to the north, steps to Beechwood Village and the sprawling grounds of the Governor General's residence. This affluent neighbourhood is home to serval embassies and consulates and is an easy walk to Global Affairs Canada. Four spacious 2-bed units and two one-bed units. Some units have updated kitchens, tiles & refinished hardwood flooring. Windows & sills recently clad with zero maintenance aluminum. Inviting brick exterior with new flagstone steps and updated front door.Commercial-grade rubber flooring in entry and hallways 2015. Main roof 2010. 4/6 units pay own hydro. Utilities include furnace maintenance. Two laneways provide great access to the parking area in the back. Inspection available July 2020. (id:17126)
Special Features
  • Fireplace Present: False
  • Heating Fuel: Natural gas
  • Number of Stories: 2
  • Utility Water: Municipal water
  • Has Acreage: false
  • Sewer: Municipal sewage system
  • Name of Managment Company: Prime Corp -
  • Ownership Type: Freehold
  • Parking Space Total: 6
  • Zoning: R4P
Property Type Residential
Building Style Semi Detached
Listing Type For Sale

Number of Bedrooms 0.0
Number of Bathrooms 0.0
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Mortgage Information
Title: Standard 5 Year / 25 Year Amortization
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $84,750 2.54% 25 Years basic 5 Yr / 25 Year $7,456 $268,302
10.00%  -  $169,500 2.54% 25 Years basic 5 Yr / 25 Year $7,012 $254,983
20.00%  -  $339,000 2.54% 25 Years basic 5 Yr / 25 Year $6,111 $227,943

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