Spirepoint Properties

For Sale

 
   
 Spirepoint Properties Deal
 Property For Sale - ID # FS103

 Duplex in Ottawa, Ontario

   
This deal is NO LONGER AVAILABLE

Overview


  • Great duplex income property with detached garage
  • Large unfinished basement could be converted to an apartment for even more units
  • Just off Montreal Road -- steps away from shopping and bus routes
  • More pictures...

 

 

Extra Profit Potential


     

  • Basement can be converted into another unit - large basement could be converted into a separate living unit. Separate entrance is already present.
  • Parking can be rented - With 2-3 unused parking spots, there is the opportunity to rent space to nearby businesses.  Montreal Road (a main business artery) is only steps away.

 

Details


  • Address - 265/267 Emond, Ottawa, Ontario, K1L 7R9
  • Building style - 2-storey up-down duplex with stucco exterior
  • Number of Units - two large 2-bedroom apartments, main floor has use of large unfinished basement
  • Roof type - new tar and gravel roof (2006)
  • Parking spots - 2 open (2 wide, by 1 deep), 1 closed (inside garage)
  • Appliances - 2 fridges and 2 stoves
  • Heating - hot water boiler
  • Water heater - 2 separate water heaters
  • Electricity - 2 separate meters, no public lighting, tenants pay electricity. Second floor breaker box and other wiring throughout completely redone.

This property is now listed on the Ottawa MLS

Income Annual Monthly
   Unit 265 - 2 bdrm: $10,200 $850
   Unit 267 - 2 bdrm: $10,200 $850
Total $20,400 $1,700
Expenses    
  Taxes: $1,708 $142
   Insurance: $878 $73
   Water: * $525 $44
   Gas: $2,684 $224
   Hydro: N/A N/A
Total $5,795 $483
Cash Flow: $14,605 $1,217

* This amount is estimated

 

How To Buy


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

 

More Pictures