For Sale - 8 Unit Apt Building Asking Price: $899,900 in Sarsfield. Ottawa, ON
Sarsfield, Ontario is a village in the east portion of the City of Ottawa in the former township of Cumberland. The village today is still known for its farming community and close proximity to the major highways, and is one of the few villages of its size with express time public transit.
It is located only 10 minutes’ drive south east from Orleans, ON a growing suburb of Ottawa. Orleans currently has a population of 114,000 people (2016) and is continuing to expand. Orleans has all major amenities that any city would need including grocery stores, public transit, recreation facilities public libraries, indoor malls etc.
All units are 2 bedroom units of good quality, have similar spacious designs of approximately 900 square feet, and each unit has either a patio or balcony. The units are all very clean and well kept, featuring laminate flooring, in the living areas and bedrooms with most units having ceramic tile in the kitchens and bathrooms, as well as laundry hook ups in each apartment.
The building has an excellent tenant profile of long term, mature and professional residents. Hydro is paid by the tenants, and given the updated windows and the new tax rate reduction in place by the liberal government the costs are very manageable.