222 Deschamps Avenue Ottawa, Ontario K1L 5Y9
$899,900
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). (id:39840)
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 | R4au |
https://www.realtor.ca/real-estate/27792186/222-deschamps-avenue-ottawa-3402-vanier
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March 25 2025 03:53:01
Ottawa Real Estate Board
Right At Home Realty