222 Deschamps Avenue, Vanier And Kingsview Park, ON K1L 5Y9

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).