Vanier And Kingsview Park, ON K1L 5Y9,222 Deschamps AVE
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Raafat Metwaly

Raafat Metwaly

eXp Realty

+1(647) 461-3580
$899,900
Est. payment /mo
3,648 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Pending

Purchase Type For Sale

Square Footage 3,648 sqft

Price per Sqft $246

Subdivision 3402 - Vanier

MLS Listing ID X11919049

Annual Tax Amount $6,919

Tax Year 2024

Property Sub-Type Investment

Property Description

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).

Location

Province ON

County Ottawa

Community 3402 - Vanier

Area Ottawa

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 56.91

Lot Depth 64.26


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Raafat Metwaly

+1(647) 461-3580

Broker | License ID: 4771063

Broker License ID: 4771063

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