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$899,900
Available - For Sale
Listing ID: X11919049
INVESTMENT OPPORTUNITY! Six-unit apartment building in a great central location close to shopping, parks, trails, transit, and just minutes from downtown Ottawa. All units are spacious 1-bedroom apartments. Current rents: Apt. 1 - $1,010, Apt. 2 - $876, Apt. 3 - $795, Apt. 4 - $907, Apt. 5 - $1,350 (recently re-rented at market rate), Apt. 6 - $885. Rents are below market value for all units except Unit 5, which was recently rented at market rate. The other units are similar in size and layout. Seven hydro meters- 5 of the tenants pay for their hydro. Coin laundry in the basement (currently not in use). The building needs TLC, but has enormous potential to be a great addition to any investor's portfolio. Major upgrades: New roof (2012), Gas boiler (2012).
Price $899,900
Taxes: $6,919
Tax Type: Annual
Occupancy by: Tenant
Address: 222 Deschamps Aven , Vanier and Kingsview Park, K1L 5Y9, Ottawa
Postal Code: K1L 5Y9
Province/State: Ottawa
Lot Size: 56.91 x 64.26 (Feet)
Directions/Cross Streets: Vanier Parkway just past Montreal Road travelling North, Right turn on Deschamps
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 3,648
Total Area Code:  Square Feet
Taxes Expense: $6734
Insurance Expense: $5022
Maintenance: 0
 Heat Expenses: $6086
 Hydro Expense:  $758
Water Expense: $3204
Gross Income/Sales: $69871
Operating Expenses: $21633
Net Income Before Debt: $48551
Expenses Actual/Estimated: $Act
Heat Type: Gas Hot Water
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RIGHT AT HOME REALTY

222 Deschamps Aven , Vanier and Kingsview Park, K1L 5Y9, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3402 - Vanier
Style:
Lot Size: 56.91 x 64.26(Feet)
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Tax: $6,919
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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