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.
210 Hannah Street in the Vanier area of Ottawa, presents a multitude of opportunities.
This enticing property listing caters to both investors and contractors, offering a fantastic opportunity in a desirable location. The duplex, located on Vanier Parkway, features two spacious 2-bedroom units, both of which are currently vacant and ready for occupancy or rental.
The potential for rental income is promising, with projected rents ranging from $1,700 to $1,900 per unit. This property holds great investment potential, with all projected numbers pointing towards a lucrative opportunity. If you’re looking to capitalize on this promising real estate venture, don’t hesitate to call now to secure your chance at this duplex investment in a sought-after area.
Links
Monthly financial breakdown
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Monthly gross rental income: $3,600
Acquisition costs
Down payment: $109,800
Home inspection: $500
Total acquisition cost: $120,055
Monthly operating expenses
Insurance: $200
Total monthly cost: $450
Taxes: $250
Debt services
Purchase price: $549,000
Mortgage amount: $439,200
Down payment (20%): $109,800
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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
Power Marketing Real Estate Inc: Listing Agent Hamid Riahi
Nick Fundytus team website: nickfundytus.ca
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