For sale
Multi-Family

222 Deschamps Avenue

$899,900
Ottawa, Ontario, K1L 5Y9

Overview

  • Updated On:
  • April 03 2025
  • MLS® Number
  • X11919049

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). (id:57887)

Price:
Price Info:
Property Size: 3648 sqft
Property Type: Multi-family
Building Type: Multi-Family
Neighbourhood: Vanier
Appliances
Dryer
Stove
Washer
Refrigerator
Cooling & Heating
Natural gas
Hot water radiator heat
$ 4,613.97
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,489.09
Size
SizeExterior: 3648 sqft
SizeInterior: 3648 sqft
Utility
UtilityWater: Municipal water
Acreage: No
SizeDepth: 64 Ft ,3 In
SizeFrontage: 56 Ft ,10 In
SizeIrregular: Bldg=56.91 X 64.26 Ft
SizeTotalText: Bldg=56.91 X 64.26 Ft
ZoningDescription: R4au
  • Your Favourites

     

    No Favourites Found

     

  • Search

Compare Listings