For sale
Other

222 Deschamps Avenue

$899,900
Ottawa, Ontario, K1L 5Y9

Overview

  • Updated On:
  • April 03 2025
  • MLS® Number
  • X12029893
  • 6 Bedrooms
  • 6 Bathrooms

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 Type: Multi-family
Building Type: Other
Storeys: 2
Neighbourhood: Vanier
Appliances
Dryer
Stove
Washer
Refrigerator
Cooling & Heating
Natural gas
Radiant heat
ExteriorFinish
Stucco
$ 4,613.97
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,489.09
Bedroom
BedroomsAboveGround: 6
BedroomsTotal: 6
Bathroom
BathroomTotal: 6
Basement
BasementDevelopment: Finished
BasementFeatures: Walk out
BasementType: N/A (Finished)
Size
SizeInterior: 2499.9795 - 2999.975 sqft
Construction
FoundationType: Unknown
Utility
UtilityWater: Municipal water
Acreage: No
Sewer: Sanitary Sewer
SizeDepth: 64 Ft
SizeFrontage: 57 Ft
SizeIrregular: 57 X 64 Ft
SizeTotalText: 57 X 64 Ft
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