222 Deschamps Avenue Ottawa, Ontario K1L 5Y9

$899,900

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:49993)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X11919049
Property Type	Multi-family
Community Name	3402 - Vanier

Building

Heating Fuel	Natural Gas
Heating Type	Hot Water Radiator Heat
Size Exterior	3648 Sqft
Size Interior	3,648 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	64 Ft ,3 In
Size Frontage	56 Ft ,10 In
Size Irregular	Bldg=56.91 X 64.26 Ft
Size Total Text	Bldg=56.91 X 64.26 Ft
Zoning Description	R4e

https://www.realtor.ca/real-estate/27792186/222-deschamps-avenue-ottawa-3402-vanier