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

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.

Details

MLS® Number
X9518113