249 Deschamps Avenue Ottawa, Ontario K1L 5Z2
$848,888
Excellent investment opportunity with great cash flow! Well maintained Four Plex in the heart of Vanier with a 10 to 15 minute drive from Downtown Ottawa. This location is part of the "VISION VANIER" revitalization initiative with the City of Ottawa and the Vanier BIA. Montreal Road is in the final stages of a complete rebuild that has taken place over the past three years. Plenty of Gentrification going on while keeping its eye on the past to preserve its history. Many upgrades over the years including the roof in 2013, windows in 2016, furnace in 2023 and front siding in 2014. Rents are below market values which offers the new owner great upside on future revenue. One bachelor unit is currently vacant and could rent for a minimum of $1,350. It also comes with an exclusive use back deck. 24 hours notice for showings. 24 hours irrevocable and Schedule B with all offers. This property has an asking cap rate of 5.53% based on the bachelor unit be rented out. (id:16399)
Property Details
| MLS® Number | 1343747 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Parking Space Total | 2 |
Building
| Basement Development | Unfinished |
| Basement Features | Low |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Brick, Siding |
| Flooring Type | Mixed Flooring, Hardwood, Tile |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Gravel | |
| Shared | |
| Street Permit |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 58 Ft ,11 In |
| Size Frontage | 53 Ft ,2 In |
| Size Irregular | 53.18 Ft X 58.93 Ft |
| Size Total Text | 53.18 Ft X 58.93 Ft |
| Zoning Description | R4e Residential |
https://www.realtor.ca/real-estate/25627426/249-deschamps-avenue-ottawa-vanier
Interested?
Contact us for more information
Thom Fountain
Broker
610 Bronson Avenue
Ottawa, Ontario K1S 4E6
(613) 236-5959
(613) 236-1515
www.hallmarkottawa.com
Murtaza Siddiqui
Broker
www.remaxhallmark.com
610 Bronson Avenue
Ottawa, Ontario K1S 4E6
(613) 236-5959
(613) 236-1515
www.hallmarkottawa.com
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June 07 2023 05:11:52
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group