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

  • 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

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

  • Power Marketing Real Estate Inc: Listing Agent Hamid Riahi

  • Nick Fundytus team website: nickfundytus.ca

Financial Analysis

Download Max’s financial analysis of this property. 

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