222 Deschamps Avenue For Sale

Ottawa, Vanier, K1L 5Y9

$899,900

Description

Listed by RIGHT AT HOME REALTY.

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-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).

Location

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  • Address: 222 Deschamps Avenue
  • Neighborhood: Vanier
  • City: Ottawa
  • State: Ontario
  • Postal Code: K1L 5Y9

Property Details

  • Property ID: X12029893
  • Property Price: $899,900
  • Style: Multiplex, 2-Storey
  • Sq/Ft: 2500-3000
  • Rooms: 12
  • Bedrooms: 6
  • Bath: 6
  • Parking Spaces: 2
  • Basement: Fin W/O
  • Central Vac.: N
  • Den: N
  • Exterior: Stucco/Plaster
  • Heating: Radiant
  • Fireplace: N
  • Taxes: $6,919.00 (2024)
  • Lot: 64x57 (Feet)

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100