$999,000
Available - For Sale
Listing ID: X9518113
222 DESCHAMPS Ave , Vanier and Kingsview Park, K1L 5Y9, Ontario
| 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: | $6734.00 |
| 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 |
| 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 |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Vanier and Kingsview Park |
| Neighbourhood: | 3402 - Vanier |
| Lot Size: | 56.91 x 64.26(Feet) |
| Tax: | $6,734 |
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