Posted by: Max Balan
Each week, Max breaks down the numbers for a great investment property in Ottawa
You can reach out to Max and the team any time too make a move, to get the numbers on a property you’re interested in, or get the latest stats on the Ottawa market.
148 Montfort St. Ottawa, a newly renovated triplex in Vanier.
Nestled in the lively Vanier neighborhood, this triplex offers a unique living experience. Each unit boasts its independent heating and hot water systems, prioritizing individual resident comfort. Extensively renovated, these units come complete with five appliances each, ensuring a modern and convenient lifestyle. Ample parking is readily accessible, and the triplex’s prime location provides proximity to local conveniences such as grocery stores, cafes, and parks. Furthermore, convenient public transportation options are within a short walk, and it’s worth noting that the top two units are presently rented out for short-term stays.
Links
Monthly financial breakdown
Monthly gross rental income: $5000
Acquisition costs
Down payment: $159,980
Home inspection: $500
Total acquisition cost: $172,235
Monthly operating expenses
Insurance: $150
Total monthly cost: $570
Taxes: $420
Debt services
Purchase price: $799,000
Mortgage amount: $639,920
Down payment (20%): $159,980
Subscribe to our channel and playlist for more valuable investment advice. When you’re ready to explore the world of property investment, don’t hesitate to get in touch with us. We’re here to guide you every step of the way.
I’m Max Balan, a realtor at Royal Lepage on the Nick Fundytus team, and this has been your deal of the week. Stay tuned for more exciting opportunities in the future!
Sources
Century 21 Synergy Realty: Listing Agent Ian Soucy
Nick Fundytus team website: nickfundytus.ca
609
120