471 Somerset St.

W
Asking Price: $925,000
PRESENTED BY:

Synercapital Real Estate Investment Services Inc.

Alex Diaz, Broker of Record
Tel: 613.860.3500 ext. 27
Cell: 613.263.0133
Email: alex@synercapital.ca
www.synercapital.ca

DISCLAIMER:
The information herein contained has been provided by the principals and sources which we deem reliable, but for which
we assume no responsibility, and make no guarantees or warranties as to its accuracy. The information provided should
be verified by you and your advisors, and is subject to change without notice.
 TABLE OF CONTENTS
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Section 1 Property Description

Section 2 :: Pricing & Financial Analysis

Section 3 :: Rent Roll

Section 4 :: Comparables

DISCLAIMER:
The information herein contained has been provided by the principals and sources which we deem reliable, but for which
we assume no responsibility, and make no guarantees or warranties as to its accuracy. The information provided should
be verified by you and your advisors, and is subject to change without notice.
 PROPERTY DESCRIPTION
SUMMARY INFORMATION

This Apartment Complex is located in the heart of the City of Ottawa. Beautiful, spacious apartments featuring
hardwood and ceramic flooring, large living and dining rooms, renovated bathrooms as well as enclosed balconies.

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This charming building consists of 4 one bedroom with den and 2 two bedroom apartments. Centrally located,
this building easily attracts tenants for both parking and residential. Tenants are all professionals.

Location 471 Somerset St. W

Close to Kent
Units 6
Asking Price $925,000
Price/Suite $154,167
Reference N/A

Year Built 1945

Lot Size 44’ x 112’
Construction Brick/Wood frame
# of Stories Three
Balconies Yes - 3 Sunrooms
Elevator N/A
Intercom Buzzer system
Hall Floors Carpet

Fridges / Stoves 6 Fridges/6 Stoves

Heating Type Oil boiler (Owned)
Hot Water Supply Gas Heated HWT (Rental)
Washer / Dryer 1/1 Owned
Parking / Garages 8 Outdoor Parking Spots
Leases 1st Yr Lease then Month to Month
Bricks Good condition
Hydro Paid By Tenants

DISCLAIMER:
The information herein contained has been provided by the principals and sources which we deem reliable, but for which
we assume no responsibility, and make no guarantees or warranties as to its accuracy. The information provided should
be verified by you and your advisors, and is subject to change without notice.
 PROPERTY DESCRIPTION
CAPITAL ITEMS STATUS OF CAPITAL ITEMS:

Roof New Approx 2000 Good Condition Excellent income producing property with possible up-
Thermo- New 1991 Good Condition side on rents and laundry coin slot increase. The building
Windows
has individual hydro meters and the tenants are paying
Balconies Wood- Minor Repairs Required their own hydro. Suites are in good condition and have

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enclosed balconies. Capital items such as the roof, heat-
Parking Minor Repairs Required
ing, windows & domestic hot water are in good condi-
Fire Retro Yes- Letter of Compliance tion. Many renovations completed in 2005 including: new
Htg Equip Good Condition
carpet in common areas, some new appliances and
fresh paint throughout.
Frdgs/Stvs Good Condition

Elevator N/A
Plumbing Copper

NEIGHBORHOOD INFO :

Centrally located within Ottawa.

Situated in between the 417 Highway
and the downtown core of Ottawa,
and close to all amenities.

DISCLAIMER:
The information herein contained has been provided by the principals and sources which we deem reliable, but for which
we assume no responsibility, and make no guarantees or warranties as to its accuracy. The information provided should
be verified by you and your advisors, and is subject to change without notice.
 PRICING & FINANCIAL ANALYSIS
REVENUE: EXPENSES:
Rental Income : $67,920 Property Taxes: $7,469
Parking: $1,800 Insurance: $2,201
Laundry: $3,504 Hydro (Common Areas): $960
Less Vacancy (2%): $(1,465) Heat: $4,500
Other Income $0____ Water/Sewer $1,151
Gross Effective Revenue: $71,759 Maintenance ($400 per unit): $2,400

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Superintendant / Management $2,400
Snow Removal and Ext. Maintenance: $1,200_
Total Expenses: $22,281

NET OPERATING INCOME: $49,478

ASKING PRICE: $925,000
PRICE / UNIT $154,167
ASKING CAP RATE 5.35%

MORTGAGE INFO:
Amount % Amount $ Rate Mon. Payment Ann. Payment Principle
1st Mortgage 75% $693,750 3.8% $2,977 $35,723 $10,510

CASH / DOWNPAYMENT REQUIRED:

Cash Required $231,2450 Downpayment 25%

Gross Annual Income $71,759

Less Total Expenses $22,281

Net Operating Income $49,478 Cap Rate 5.35%

Less Mortgage. Payments $35,723

Cash Flow $13,755 Cash Return 5.5%

Principal Recap $10,510 Principle Return 4.2%

Total Return on Investment $24,265 Total Return of Investment 9.6%

DISCLAIMER:
The information herein contained has been provided by the principals and sources which we deem reliable, but for which
we assume no responsibility, and make no guarantees or warranties as to its accuracy. The information provided should
be verified by you and your advisors, and is subject to change without notice.
 RENT ROLL
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PROPERTY ADDRESS: 471 SOMERSET ST. W
RENT ROLL - AS OF DATE: MAY 2009

Unit Bedrooms Rent Rent Increases *

Unit 1 1 $865 $881

Unit 2 1 $850 $865

Unit 3 2 $1,095 $1,115

Unit 4 1 $850 $865

Unit 5 2 $850 $865

Unit 6 2 $1,050 $1,069

Monthly Income from Rent * $5,660

Parking Income $150

Laundry Income $292

Other Income $0 __

TOTAL MONTHLY INCOME $6,102

TOTAL ANNUAL INCOME $73,224

DISCLAIMER:
The information herein contained has been provided by the principals and sources which we deem reliable, but for which
we assume no responsibility, and make no guarantees or warranties as to its accuracy. The information provided should
be verified by you and your advisors, and is subject to change without notice.
 COMPARABLES
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471 Somerset St. W
Ottawa, ON

photo # of Units: 6 Price/Unit: $154,167

Closing Date: n/a
Net Income: $49,478 CAP rate: 5.35%
Asking Price: $925,000

1
285 Clarence St.
Ottawa, ON

# of Units: 5 Price/Unit: $162,500

Closing Date: Jul 2008
Net Income: $44,159 CAP rate: 5.43%
Sale Price: $812,500

2
105 Arlington Ave.
Ottawa, ON

# of Units: 5 Price/Unit: $151,000

Closing Date: Feb 2008
Net Income: $37,985 CAP rate: 5.03%
Sale Price: $755,000

3 449 Somerset St. W

Ottawa, ON

# of Units: 6 Price/Unit: $133,166

Conditionally Sold
Net Income: $44,591 CAP rate: 5.58%
Asking Price: $799,000

DISCLAIMER:
The information herein contained has been provided by the principals and sources which we deem reliable, but for which
we assume no responsibility, and make no guarantees or warranties as to its accuracy. The information provided should
be verified by you and your advisors, and is subject to change without notice.