249 DESCHAMPS AVENUE$819,999

#1327515

N/A bed

N/A bath

About the Property

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:46641)

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Listing Agent

Murtaza Siddiqui

Broker

(613) 805-1111

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Property Details

City: Ottawa

Neighbourhood: VANIER

Build Year: 1977

Property

Property Type

Multi-family

Land Depth

58 ft ,11 in

Community Features

School Bus

Building

Basement Development

Partially finished

Basement Type

Full (Partially finished)

Storeys

2

Building Style

Fourplex

Exterior Finish

Siding

Heating Type

Forced air

Cooling Type

None

Foundation Type

Block, Stone

Parking Space Total

3

Measurements

Additional Info

Lease Type

Gross

Listing Contract Date

2023-01-24

Zoning Description

RES R4E

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