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$999,000
Available - For Sale
Listing ID: X9518113
INVESTMENT Opportunity! SIX-UNIT apartment building. A great CENTRAL LOCATION: easy access to shopping, parks, trails, transit, and just minutes from downtown Ottawa. All the units are extremely spacious 1 bedroom apartments. Current rents: Apt. 1 - $1010, Apt. 2 - $876, Apt. 3 - $795, Apt. 4 - $907, Apt. 5 - $1350 (recently re-rented), Apt. 6 - $885. Seven hydro meters; tenants pay their own hydro. Below-market-value rents indicate long-term tenants. Coin laundry in the basement is currently not being utilized. The building needs TLC but has lots of potential to make this a great addition to any investor's portfolio. Major upgrades history include new roof in 2012 and the gas boiler in 2012.
Price $999,000
Taxes: $6,734
Occupancy by: Tenant
Address: 222 DESCHAMPS Ave , Vanier and Kingsview Park, K1L 5Y9, Ontario
Postal Code: K1L 5Y9
Province/State: Ontario
Legal Description: PT LT 10, PL 244 , AS IN N600603 ; VANIE
Lot Size: 56.91 x 64.26 (Feet)
Directions/Cross Streets: Vanier Parkway just past Montreal Road travelling North, Right turn on Deschamps
Zoning: R4E
Category: Apartment
Insurance Expense: $5022
Water Expense: $3079
Gross Income/Sales: $69871
Net Income Before Debt: $48238
Heat Type: Radiant
Sewers: Sewers
Water: Municipal
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RIGHT AT HOME REALTY

222 DESCHAMPS Ave , Vanier and Kingsview Park, K1L 5Y9, Ontario


 
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Type: Com - Investment
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3402 - Vanier
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Lot Size: 56.91 x 64.26(Feet)
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Tax: $6,734
Maintenance Fee: $0
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