12 bedrooms
6 bathrooms
Lot dimensions 743 m² (7 997.59 ft²)

Owners’ comments

INVESTMENT STRATEGY... Ideal for an investor seeking a hands free buy & hold upscale modern building to add to their investment portfolio.

Fabulous corner lot 6-plex building with 2 bedrooms condo like apartments in a beautiful residential neighborhood in proximity to Les Promenades de L'Outaouais and a 10 minute drive to downtown Ottawa. Fantastic apartment building owned within the same family for the past 24years.  Washer/dryer outlet, large backyard balcony and convenient storage sheds.  All rented by excellent tenants and still possibility to increase rental income in the near future.

Complete Description
Complete Description

Property features

Asking Price
$724,000
Building dimensions
53x35 ft (16.15x10.67 m)
General condition
Excellent
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
South
Number of parkings
9
Municipal evaluation's date
2015
Lot's municipal evaluation
$156,000
Building's municipal evaluation
$339,000
Taxes year
2016
2 Bedroom
6
Bedrooms (total)
12

External facing:

  • Acrylique resin
  • Adex
  • Concrete
  • Vinyl Siding
  • Stone

Foundation:

  • Concrete block

Frame:

  • Wooden dunnage

Roof:

  • Asphalt shingle

Floor coverings:

  • Laminate
  • Hardwood
  • Ceramic
  • Linoleum
  • Carpet

Windows:

  • PVC

Heating source:

  • Hot water
  • Natural gas

Electric system:

  • 200 amps
  • Breakers panel

Features:

  • Shed

Kitchen:

  • Raised panel oak
  • Wooden cabinets
  • Melamine cabinets
  • Laminated cabinets
  • Thermoplastic cabinets

Upgrades:

  • Architecture of the facade
  • Decorative Columns
  • Kitchen
  • Crown moulding
  • Doors
  • Roof
  • Landscaping

Parking / Driveway:

  • Asphalt

Location:

  • Near park
  • Residential area
  • Public transportation

Lot description:

  • Mature trees
  • Corner lot
  • Interlock
  • Patio/deck
  • Landscaped

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center
  • Bar

Near Health Services:

  • Hospital
  • Medical center
  • Health club / Spa

Near Educational Services:

  • Daycare
  • Elementary school
  • High School
  • University

Near Recreational Service:

  • Golf course
  • Gym
  • Sportif center
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Bathroom
Storey: 1st floor
Dimensions: 5' x 10' 6" (1,52 m x 3,2 m)
Flooring: Laminate
Bedroom 1 (Master)
Storey: 1st floor
Dimensions: 12' 2" x 10' 2" (3,71 m x 3,1 m)
Flooring: Hardwood
Bedroom 2
Storey: 1st floor
Dimensions: 8' 3" x 11' 8" (2,51 m x 3,56 m)
Flooring: Hardwood
Dining room
Storey: 1st floor
Dimensions: 12' 4" x 11' 6" (3,76 m x 3,51 m)
Flooring: Laminate
Kitchen
Storey: 1st floor
Dimensions: 10' 10" x 10' 8" (3,3 m x 3,25 m)
Flooring: Laminate
Kitchen
Storey: 1st floor
Dimensions: 10' 8" x 10' 10" (3,25 m x 3,3 m)
Flooring: Laminate
Living room
Storey: 1st floor
Dimensions: 20' 7" x 11' (6,27 m x 3,35 m)
Flooring: Hardwood
Apartment living room
Storey: 2nd floor
Dimensions: 20' 7" x 11' (6,27 m x 3,35 m)
Flooring: Hardwood
Basement kitchen
Storey: Basement
Dimensions: 12' x 11' (3,66 m x 3,35 m)
Flooring: Laminate
Basement living room
Storey: Basement
Dimensions: 20' 2" x 11' (6,15 m x 3,35 m)
Flooring: Laminate
Bathroom
Storey: Basement
Dimensions: 5' x 10' (1,52 m x 3,05 m)
Flooring: Ceramic
Bedroom 1 (Master)
Storey: Basement
Dimensions: 10' 2" x 12' (3,1 m x 3,66 m)
Flooring: Laminate
Bedroom 2
Storey: Basement
Dimensions: 8' x 11' 5" (2,44 m x 3,48 m)
Flooring: Laminate
Dining room
Storey: Basement
Dimensions: 8' x 10' (2,44 m x 3,05 m)
Flooring: Laminate

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Mortgage
School taxes
$122.21
$1,466.54
Municipal taxes
$522.65
$6,271.79
Electricity
$35.00
$420.00
Heating
$332.36
$3,988.26
Insurance
$208.33
$2,500.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$5,215.00
$62,580.00

Property transfer duties

In Quebec, the property transfer duties is a tax that all municipalities must collect from the new owner (buyer) of a property.

$

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Can I afford to buy this property?

Prior to visiting a property, you should verify whether you have the means to purchase it by meeting with a financial advisor. Don’t forget, you must have enough money to cover both a down payment and the expenses related to the transaction (notary, property transfer duties, etc.).

Is this property right for me?

Consult the listing to determine whether the property features meet your needs. If necessary, communicate with the homeowner to obtain additional information. You may then make an appointment with the homeowner for a visit and prepare a list of questions to ask him.

Do I need to conduct a property inspection?

Verifying the condition of the property prior to purchasing it is a good precaution to take. In order to do so, you can hire a home inspector. He will intervene at a later date. Be prepared to add the inspection conditions to the offer to purchase.

How much should I offer?

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FBD300AC-7746-4E68-A20C-3F23471BB772
How do I proceed with an offer to purchase?

Have a discussion with the homeowner in order to come to an agreement on the price, the conditions of the sale and the possession date. You can then complete the offer to purchase form.

Thanks to DuProprio, the seller benefits from a legal assistance service and can ask their legal questions in order to properly complete the document.

The sale will be sealed with a notary, but until then, nothing prevents you from consulting a notary to write-up an offer to purchase. Once the deed of sale is drafted, you will be the new homeowner!

Documents - Offer to purchase and counteroffer

$724,000

6 units or more for sale

No. 366860

Contact the owner
Contact the owner