MULTIRESIDENTIALINVESTMENTOPPORTUNITY

28 UNITS AT 139 & 141 PRESTON STREET

Fantastic 28 multi-residential investment opportunity with great potential to
increase rents. Little Italy is a rich and vibrant community undergoing a
major transformation. Two buildings directly across the street from the
newly redeveloped city- owned indoor public pool / gym / community
centre. Preston Street is one of the city’s major cultural districts. CMHC insured
assumable mortgage at 5.224%, 9 years remaining.
Little Italy is currently undergoing a major re-development by the city
of Ottawa of its streetscape. Refer to Preston Street Business
Improvement Association (B IA).
Neighbourhood: West Centre Town

Unit Mix

6– Bachelor apartments
16- 1 Bedroom apartments
6–2 Bedroom apartments

Building Features: These buildings include front window balconies, on site laundry and
parking.
Appliances: Fridge & Stove provided for tenants, coin operated washers and dryers on
site in each building.

Services: Hydro, gas & municipal water. Tenants pay individually meters hydro costs.
Parking: There are 6 parking spots located behind the building.

Annual Net Rental Income (Projected based on February 2009 Rent Roll):
$203,074.08
Operating costs:
Realty Taxes: $23,400.00
Utilities: $29,000.00
Insurance: $2,200.00
Site Superintendant: $7,800.00

Total Operating Costs: $62,400.00

Net Operating Income: $140,674.08

Listing Price: $2,150,000.00

Brokers Protected

CONTACT:
JONATHAN KARDASH, M.B.A.: 613-729-2086 ext. 112
MICHAEL CHARTO, B.COMM: 61 3 -729-2086 ext. 114

Information furnished regarding this property is from sources deemed reliable but no warranty or
representation is made as to accuracy therefore Marklyn Management, a division of 1023733 Ontario Inc.,
recommends that all interested parties conduct their own investigations and seek the necessary legal,
accounting, and tax advice. Any offer made herein is subject to prior sale; change in price or terms, or
withdrawal, all without notice.

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 MULTIRESIDENTIALINVESTMENTOPPORTUNITY
28 UNITS AT 139 & 141 PRESTON STREET

139 & 141 PRESTON STREET COMMON INFORMATION

Both buildings have a structure that consists of stonework
foundation walls, wood floor structures, wood stud walls clad with
brick clay masonry and a low sloped wood roof structure with a
wood plank roof deck.
The buildings have been completely fire retrofitted with proper fire
separation, fire doors, emergency lighting and fire pull stations.
Windows were changed in 1998. Skylights were installed in 2005
in both buildings top floor hallways.
Both gas fired boilers were installed in 1998 and have been
inspected annually since their installation.
The buildings have three levels of above grade apartments with
apartment units and storage in the basements. Both buildings
have steel fire escape structures at the rear (east) side and steel
balcony structures on the west side.
In 2007, a Phase 1 Environmental Site Assessment was
conducted; No significant environmental concerns were identified
during the site visit with the current conditions of the subject site or
surrounding properties.

139 PRESTON STREET

The roof is a low sloped wood roof structure with a wood plank
roof deck. The roof system is a modified bituminous membrane
installed in 2005. It is a built-up roof membrane installed in 2005.

141 PRESTON STREET

The roof system is a build up roof membrane, reportedly installed
in 1996. The membrane installation is in good condition and the
roof slopes well to a central drain. The attic insulation has been
retrofitted in 1996. The level of insulation has been significantly
upgraded to R40 fiberglass batt insulation.
* All units are individually metered for hydro except the 2
basement units at 141 Preston.

CONTACT:
JONATHAN KARDASH, M.B.A.: 613-729-2086 ext. 112
MICHAEL CHARTO, B.COMM: 61 3 -729-2086 ext. 114

Information furnished regarding this property is from sources deemed reliable but no warranty or
representation is made as to accuracy therefore Marklyn Management, a division of 1023733 Ontario Inc.,
recommends that all interested parties conduct their own investigations and seek the necessary legal,
accounting, and tax advice. Any offer made herein is subject to prior sale; change in price or terms, or
withdrawal, all without notice.

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www.marklynmanagement.ca
 139 141 PRESTON ST.
RENT ROLL
AS OF APRIL 1ST, 2009

Unit No. Monthly Rent Tenant Pays Unit Type Start Date Ending Date Parking Lease
139-1 $650.00 Hydro 1 Bedroom May 1st, 2008 Apr 30th, 2009 N/A
139-2 $350.00 Hydro 1 Bedroom Nov 1st, 2008 Oct 31st, 2009 N/A
139-3 $543.81 Hydro 1 Bedroom June 1st, 2006 May 31st, 2007 1 Space Included
139-4 $659.10 Hydro 1 Bedroom Nov 1st, 2007 Oct 31st, 2008 1 Space Included
139-5 $600.00 Hydro 1 Bedroom June 1st, 2008 May 31st, 2009 N/A
139-6 $350.00 Hydro 1 Bedroom Jan 1st, 2008 Dec 31st, 2009 N/A
139-7 $650.00 Hydro 1 Bedroom Jan 1st, 2007 Dec 31st, 2008 N/A VACANT
139-8 $488.61 Hydro 1 Bedroom June 1st, 2006 May 31st, 2007 N/A
139-9 $550.00 Hydro 1 Bedroom Mar 1st, 2009 Feb 28th, 2010 N/A
139-10 $650.00 Hydro 1 Bedroom Sep 1st, 2008 Aug 31st, 2009 N/A
139-11 $600.00 Hydro 1 Bedroom Mar 1st, 2009 Feb 28th, 2010 N/A
139-12 $650.00 Hydro 1 Bedroom Aug 1st, 2008 Jul 31st, 2009 N/A
139-B1 $500.00 Public Meter 1 Bedroom Feb 1st, 2008 Jan 31st, 2009 1st Space Included
139-B2 $557.70 Hydro (Acct #14) 1 Bedroom Sep 1st, 2007 Aug 31st, 2008 N/A
141-1 $593.19 Hydro 1 Bedroom Nov 1st, 2006 Oct 31st, 2007 1st Space Incuded
141-2 $690.43 Hydro 2 Bedroom Oct 1st, 2005 Sep 30th, 2007 N/A
141-3 $550.00 Hydro Bachelor Dec 1st, 2008 Nov 30th, 2009 N/A
141-4 $728.25 Hydro 2 Bedroom Oct 1st, 2005 May 31st, 2007 N/A
141-5 $466.83 N/A Bachelor Jan 1st, 2006 Dec 31st, 2007 1st Space Incuded
141-6 $760.50 Hydro 2 Bedroom Nov 1st, 2006 Oct 31st, 2007 N/A
141-7 $550.00 Hydro Bachelor June 1st, 2008 May 31st, 2009 N/A
141-8 $700.00 Hydro 2 Bedroom Apr 1st, 2008 Mar 31st 2009 N/A
141-9 $608.40 Hydro Bachelor Oct 1st, 2006 Sep 30th, 2007 1st Space $50.00
141-10 $760.50 Hydro 2 Bedroom July 1st, 2007 June 30th, 2008 N/A
141-11 $622.20 Hydro Bachelor Aug 1st, 2006 Aug 31st, 2007 1st Space $50.00
141-12 $750.00 Hydro 2 Bedroom Aug 1st, 2008 Jul 31st, 2009 N/A
141-B1 $650.00 Public Meter 1 Bedroom June 1st, 2008 May 31st, 2009 N/A VACANT
141-B2 $600.00 Public Meter Bachelor Oct 1st, 2008 Sept 31st, 2009 N/A

$16,829.52