222 DESCHAMPS AVENUE, Ottawa, Ontario, K1L 5Y9

$999,000

MLS® # 1409380

Investment For Sale In Vanier North, Ottawa, Ontario

$999,000

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Exterior Finish: Stucco
  • Heating Type: Radiant heat
  • Heating Fuel: Natural gas

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Irregular: Yes
  • Lot Depth: 64.3 Feet
  • Lot Frontage: 56.9 Feet
  • Lot Size: 56.91 ft X 64.26 ft (Irregular Lot)
  • Zoning: R4E
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 1

Courtesy of: RIGHT AT HOME REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.