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.
174 Columbus Ave, Non conforming 3 unit property.
Here’s an opportunity to enhance your portfolio with a beautifully renovated triplex located in the charming and family-friendly Overbrook neighborhood. The main level features three bedrooms and a full bathroom, tastefully designed and appointed. The upper unit also consists of three bedrooms and a full bathroom. Additionally, the basement serves as a one-bedroom ‘Nanny Suite’ and is currently rented out. This property has been meticulously maintained and underwent a comprehensive renovation in 2012, which included a new roof, updated plumbing (including drains, PVC, and PEX), electrical work, and a ground floor addition in 2011. It’s an excellent addition to any investment portfolio or an ideal starting point for building your real estate empire. Don’t miss the chance to view this exceptional property today!.
Links
Monthly financial breakdown
Monthly gross rental income: $3637
Acquisition costs
Down payment: $159,800
Home inspection: $500
Total acquisition cost: $175,055
Monthly operating expenses
Insurance: $200
Total monthly cost: $560
Taxes: $360
Debt services
Purchase price: $799,000
Mortgage amount: $639,200
Down payment (20%): $159,800
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
RE/MAX Affiliates Boardwalk: Listing Agent Peter Bastedo
Nick Fundytus team website: nickfundytus.ca
Financial Analysis
Download Max’s financial analysis of this property.
609
120