Spirepoint Properties

For Sale

 
   
 Spirepoint Properties Deal
 Property For Sale - ID # FS102

 Duplex in Ottawa, Ontario

   
This deal is NO LONGER AVAILABLE

Overview


  • Solid brick duplex income property with great curb appeal
  • Large lot (41' x 100') and zoning can support a 4-plex - great for a developer to add two more units onto the lot
  • Basement could be converted to an apartment for even more units
  • Better than most duplexes because tenants pay their own electricity and gas heating -- landlord only has to pay for water
  • Recent upgrades include new front door and doorstep, new side and back staircase, new flooring in upper unit
  • Close to shopping, bus routes, and schools
  • More pictures...

 

Extra Profit Potential


     

  • Lot can support 2 more units - the 41' x 100' lot is very deep and has enough space to build 2 more apartment units. Lot zoning supports at least a 4-plex.
  • Basement can be converted into another unit - large basement could be converted into a separate living unit. A separate entrance would be required.
  • Parking can be rented - With 6 parking spots, there is the opportunity to rent space to nearby businesses.

 

Details


  • Address - 95 Marier, Ottawa, Ontario, K1L 5S2
  • Building style - 2-storey up-down brick duplex (siding on rear addition)
  • Number of Units - two large 2-bedroom apartments with large family size kitchens (200 sq ft), upper unit completely renovated including laminate flooring, main floor has use of large unfinished basement
  • Roof type - asphalt shingle (tar and gravel on rear addition)
  • Parking spots - 6 open (2 wide, by 3 deep)
  • Appliances - 2 fridges (1 new) and 2 stoves (1 new)
  • Heating - 2 separate forced-air gas furnaces, tenants pay gas
  • Water heater - 2 separate water heaters, tenants pay for heating
  • Electricity - 2 separate meters, no public lighting

This property is now listed on the Ottawa MLS

Income Annual Monthly
   Unit A - 2 bdrm: $9,900 $825
   Unit B - 2 bdrm: $10,200 $850
Total $20,100 $1,675
Expenses    
  Taxes: $2090 $174
   Insurance: $885 $73
   Water: $513 $43
   Gas: N/A N/A
   Hydro: N/A N/A
Total $3,488 $290
Cash Flow: $16,612 $1,385

 

How To Buy


Please contact Randy Carrol at 613-596-4133 to place an offer. Serious inquiries only please.

 

 

More Pictures