249 DESCHAMPS AVENUE, Ottawa, Ontario

ID#513372 | MLS# 1327515 | Listed at $819,999.00
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WELCOME TO VISION VANIER! Excellent investment oppurtunity with great cash flow! Wonderfully maintained Fourplexe in the heart of Vanier mins away from Downtown Ottawa.This location ... READ MORE
Real Estate - Ottawa -
Lillian Legault
613-596-5353
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Description
WELCOME TO VISION VANIER! Excellent investment oppurtunity with great cash flow! Wonderfully maintained Fourplexe in the heart of Vanier mins away from Downtown Ottawa.This location is part of the "VISION VANIER" & is an umbrella initiative of City project that aims to revitalize Vanier and turn it into a modern Residential and commercial neighbourhood.This will be done through land-use planning, economic development, infrastructure improvements, transportation and mobility, and arts, culture and heritage.This lovely multi family home have been renovated in 2018 and all have separate hydro meters.Roofing done in 2013,HWT changed in 2014,new windows in 2016,Siding done in 2014.Take advantage of the this excellent investment opportunity.Vanier is getting a complete makeover & has been growing rapidly! It is being gentrified fast and prices are increasing at much higher rates than city averages. Property has a solid cap rate and awaiting its new ownership! NET:50,640 CAP:6.17% (id:17126)
Special Features
  • Amenities Near By: Public Transit, Shopping
  • Basement Development: Partially finished
  • Basement Type: Full (Partially finished)
  • Constructed Date: 1977
  • Fireplace Present: False
  • Flooring Type: Mixed Flooring, Laminate, Tile
  • Foundation Type: Block, Stone
  • Heating Fuel: Natural gas
  • Number of Stories: 2
  • Utility Water: Municipal water
  • Community Features: School Bus
  • Access Type: Highway access
  • Has Acreage: false
  • Land Amenities: Public Transit, Shopping
  • Current Use: Development residential
  • Sewer: Municipal sewage system
  • Lease Type: Gross
  • Parking Space Total: 3
  • Zoning: RES R4E
Property Features (Convert Measurements to Imperial)
Property Type Residential
Building Style Multi-Family
Listing Type For Sale
Property Information (Convert Measurements to Imperial)
Number of Bedrooms 0.0
Number of Bathrooms 0.0
Seller's Comments

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Mortgage Information
Title: Standard 5 Year / 25 Year Amortization
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $41,000 2.54% 25 Years basic 5 Yr / 25 Year $3,607 $130,960
10.00%  -  $82,000 2.54% 25 Years basic 5 Yr / 25 Year $3,393 $124,516
20.00%  -  $164,000 2.54% 25 Years basic 5 Yr / 25 Year $2,957 $111,435

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