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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:28469)

Property Details

MLS® Number 1409380
Property Type Multi-family
Neigbourhood Vanier
ParkingSpaceTotal 1

Building

ExteriorFinish Stucco
HeatingFuel Natural Gas
HeatingType Radiant Heat
StoriesTotal 2
UtilityWater Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
SizeDepth 64 Ft ,3 In
SizeFrontage 56 Ft ,11 In
SizeIrregular 56.91 Ft X 64.26 Ft (irregular Lot)
SizeTotalText 56.91 Ft X 64.26 Ft (irregular Lot)
ZoningDescription R4e