812 Kirkwood Ave : Asking Price: $879,000

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
:: Website 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
PROPERTY DESCRIPTION
This Apartment Complex is well located in the City of Ottawa, with immediate access to the 417 and close to all
amenities. Beautiful, spacious apartments featuring hardwood and ceramic flooring, large living room and dining

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rooms as well as fully renovated kitchens and bathrooms. This charming building consists of a single one bedroom
unit as well as 5 two bedroom suites. Centrally located, this building easily attracts tenants for both parking and
residential. Tenants are all professionals.

Location :: 812 Kirkwood Ave.

Close to :: Carling Ave.

Units :: 6

Asking Price :: $879,000

Price/Suite :: $146,500

Reference :: n/a

Age :: 1950’s

Lot Size :: 88’ X 110’

Construction : wood frame

# of Stories :: 3

Balconies :: no

Elevator :: no

Intercom :: yes

Hall Floors :: ceramic tile

Room Floors :: hard wood / ceramic

Fridges / Stoves :: 6/6

Heating Type :: Gas / boiler owned

Hot Water Supply :: Gas / HWT rented

Washer / Dryer :: coin operated

Parking / Garages :: 6+3

Leases :: 1 year contract

Brick/Exterior :: good condition

Hydro Paid :: 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
PROPERTY PHOTOS

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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
STATUS OF CAPITAL ITEMS:

Excellent income producing property with extensive renovations completed in 2008. The building has individual
hydro meters as well as breaker panels and all units have been re-wired for High Speed access . Suites are in excel-

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lent condition; featuring all new kitchen cabinetry and appliances, refinished hardwood and ceramic tile flooring
as well as new bathroom fixtures. Capital items such as the roof and fascia, windows and doors, heating and do-
mestic hot water are new and in great condition .

Roof :: new 2008

Windows :: new 2008 (double hung)

Balconies :: n/a

Parking :: good condition

Fire Retro :: yes

Htg Equip :: high efficiency boiler (2008)

Frdgs/Stvs :: all new (2008)

Elevator :: n/a

Plumbing :: good cond. / new fixtures

MAP

Map

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
Property Taxes: $6,838
Rental Income : $67,200
Insurance: $1,688
Parking: $3,600
Hydro (Common Areas*): $780
Laundry: $1,872
Heat: $5,053
Other Income: $
Water: $1,370
Less Vacancy (3%): $(1453)
Maintenance ($300 per unit): $1,800

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Management/Superintendant: $3,000
Gross Effective Revenue: $71,219

Total Expenses: $21,529

NET OPERATING INCOME $49,690

ASKING PRICE $879,000

PRICE / UNIT $146,500

ASKING CAP RATE 5.65%

MORTGAGE INFO:
Amount % Amount $ Rate Mon. Payment Ann. Payment Principle
1st Mortgage 71% $627,068 5% $3,410 $40,926 $9,516
*Mortgage Payment includes CMHC premium

CASH / DOWNPAYMENT REQUIRED:

Cash Required $251,931 Down Payment 29%

Gross Annual Income $71,219
Less Total Expenses $21,529
Net Operating Income $49,690 Cap Rate 5.65%
Less Mortgage. Payments $40,926
Cash Flow in $8,764 Cash Return 3.3%
Principal Recap $9,516 Principle Return 3.6%
Total Return on Investment $18,279 Total Return of Investment 6.9%

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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RENT ROLL

Unit Bedrooms Rent

Unit 1 2 $975
Unit 2 1 $725
Unit 3 2 $975
Unit 4 2 $975
Unit 5 2 $975
Unit 6 2 $975

Garage 1 N/A $100

Garage 2 N/A $100
Garage 3 N/A $100

Monthly Income from Rent $5,600

Parking Income $300
Laundry Income $156
Other Income $

Less Vacancy (2%) ($121)

TOTAL MONTHLY INCOME $5,935

TOTAL ANNUAL INCOME $71,219

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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812 Kirkwood Ave
Ottawa, ON

photo # of Units: 6 Price/Unit: $146,500

Closing Date: n/a
Net Income: $49,690 CAP rate: 5.65%
Asking Price: $879,000

1
690 Cole Ave
Ottawa, ON

# of Units: 6 Price/Unit: $133,333

Closing Date: May 2009
Net Income: $31,831 CAP rate: 3.98%
Sale Price: $800,000

2
718 Churchill Ave N
Ottawa, ON

# of Units: 7 Price/Unit: $111,143

Closing Date: April 2009
Net Income: $36,887 CAP rate: 4.74%
Sale Price: $778,000

3
463 Churchill Ave N
Ottawa, ON

# of Units: 7 Price/Unit: $106,429

Closing Date: Nov. 2008
Net Income: $46,287 CAP rate: 6.21%
Sale Price: $745,000

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.