222 Deschamps Avenue Ottawa, Ontario K1L 5Y9

Radiant Heat

$999,000

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:48414)

Property Details

MLS® Number X9518113
Property Type Multi-family
Neigbourhood Vanier
Community Name 3402 - Vanier
Parking Space Total 1

Building

Exterior Finish Stucco
Heating Fuel Natural Gas
Heating Type Radiant Heat
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 64 Ft ,3 In
Size Frontage 56 Ft ,10 In
Size Irregular Unit=56.91 X 64.26 Ft ; 1
Size Total Text Unit=56.91 X 64.26 Ft ; 1
Zoning Description R4e

https://www.realtor.ca/real-estate/27358974/222-deschamps-avenue-ottawa-3402-vanier