$899,900
Available - For Sale
Listing ID: X11919049
222 Deschamps Avenue , Vanier and Kingsview Park, K1L 5Y9, Ottawa
| 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: | $6919.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 222 Deschamps Avenue , 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 3648.00 |
| Total Area Code: | Square Feet |
| Taxes Expense: | $6734 |
| Insurance Expense: | $5022 |
| 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 |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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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: | $6,919 |
| Fireplace: | N |
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