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. (id:48414)
| MLS® Number | X12006603 |
| Property Type | Multi-family |
| Neigbourhood | Sandy Hill |
| Community Name | 4002 - Lower Town |
| Amenities Near By | Public Transit, Schools |
| Community Features | School Bus |
| Features | Lane, Carpet Free |
| Parking Space Total | 4 |
| Structure | Porch, Patio(s) |
| View Type | City View |
| Bathroom Total | 6 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Appliances | Water Heater, Water Meter, Dishwasher, Dryer, Hood Fan, Microwave, Refrigerator, Stove, Washer |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Type | Triplex |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 81 Ft ,10 In |
| Size Frontage | 37 Ft ,11 In |
| Size Irregular | 37.95 X 81.91 Ft |
| Size Total Text | 37.95 X 81.91 Ft |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.66 m | 3.66 m | 3.66 m x 3.66 m |
| Second Level | Laundry Room | 1.8 m | 1.8 m | 1.8 m x 1.8 m |
| Second Level | Bedroom | 4.6 m | 3.66 m | 4.6 m x 3.66 m |
| Second Level | Bedroom | 4.6 m | 3.66 m | 4.6 m x 3.66 m |
| Second Level | Bedroom | 3.66 m | 3.66 m | 3.66 m x 3.66 m |
| Second Level | Bathroom | 1.8 m | 1.87 m | 1.8 m x 1.87 m |
| Second Level | Kitchen | 3 m | 1.8 m | 3 m x 1.8 m |
| Second Level | Primary Bedroom | 5.18 m | 3.66 m | 5.18 m x 3.66 m |
| Second Level | Bathroom | 3.66 m | 3.66 m | 3.66 m x 3.66 m |
| Third Level | Bedroom | 4.2 m | 3.66 m | 4.2 m x 3.66 m |
| Third Level | Bedroom | 3.66 m | 3.66 m | 3.66 m x 3.66 m |
| Third Level | Bedroom | 4.3 m | 4.5 m | 4.3 m x 4.5 m |
| Third Level | Kitchen | 4.5 m | 3.66 m | 4.5 m x 3.66 m |
| Third Level | Bathroom | 2.13 m | 2.13 m | 2.13 m x 2.13 m |
| Third Level | Bathroom | 2.13 m | 2.13 m | 2.13 m x 2.13 m |
| Main Level | Living Room | 4.6 m | 5.2 m | 4.6 m x 5.2 m |
| Main Level | Dining Room | 4.6 m | 5.2 m | 4.6 m x 5.2 m |
| Main Level | Kitchen | 5.8 m | 3.66 m | 5.8 m x 3.66 m |
| Main Level | Bedroom | 4.6 m | 3.66 m | 4.6 m x 3.66 m |
| Main Level | Bedroom | 4.6 m | 3.66 m | 4.6 m x 3.66 m |
| Main Level | Bathroom | 1.8 m | 2.4 m | 1.8 m x 2.4 m |
| Main Level | Kitchen | 5.8 m | 2.66 m | 5.8 m x 2.66 m |
| Cable | Installed |
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