222 DESCHAMPS AVENUE Ottawa

222 DESCHAMPS AVENUE, Ottawa, Ontario

$899,900

  • 3,648 Square Feet

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:56241)

  • Listing ID: X11919049
  • Property Type: Multi-family

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Details

  • Transaction: For sale
  • Zoning Description: R4AU

Building

  • Fireplace Present: False
  • Heating: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Size Exterior: 3648 sqft
  • Size Interior: 3648 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Size Frontage: 56 ft ,10 in
  • Size Irregular: Bldg=56.91 x 64.26 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 222 DESCHAMPS AVENUE in Ottawa Ontario. It was last modified on January 11th, 2025. Contact us to schedule a viewing or to discover other Ottawa real estate for sale.

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