222 DESCHAMPS Avenue, Vanier and Kingsview Park | Image 1

222 DESCHAMPS Avenue

Vanier and Kingsview Park, 3402 - Vanier

  • Commercial

$999,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R4E

  • Age: No Data

  • Taxes: 6734

  • MLS®#: X9518113

  • Days on Site: 79 Days

  • Added: Sep 03, 2024 (2 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: RIGHT AT HOME REALTY

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.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 48238

  • Area: Vanier and Kingsview Park

  • Community: 3402 - Vanier

  • Availability Date: TBA

Building

  • Heat Type: Radiant

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 1

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 10, PL 244 , AS IN N600603 ; VANIER/GLOUCESTER

  • Taxes: $6,734

  • Insurance Fee: 5022

  • Water Fees: 3079

Land

  • Cross Street: Vanier Parkway just

  • Municipality District: Vanier and Kingsview Park

  • Parcel Number: 042330317

  • Sewer: Sewers

  • Lot Depth: 64.26 Feet

  • Lot Frontage: 56.91 Feet

  • Lot Irregularities: 1

  • Zoning: R4E

Commercial Specific

  • Gross Income/Sales: 69871

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