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.
209 Marier Ave in the Vanier area of Ottawa, a great opportunity for the right investor.
Embark on a lucrative investment journey with this exquisite duplex, embodying the key components of a highly promising financial endeavor. Sporting an impressive projected cap rate of 6%, this property boasts the potential to deliver a consistently strong stream of income for savvy investors. The upper unit, featuring four bedrooms, has recently undergone a stylish renovation, resulting in a contemporary and inviting living space. Meanwhile, the lower unit, with its three bedrooms, was thoughtfully refreshed just a few years ago, offering a ready-made investment opportunity. This duplex not only opens the door to potential owner occupancy and long-term appreciation but also stands as an appealing choice for those seeking an astute investment option.
Links
Monthly financial breakdown
Monthly gross rental income: $4500
Acquisition costs
Down payment: $135,000
Home inspection: $500
Total acquisition cost: $147,775
Monthly operating expenses
Insurance: $166
Total monthly cost: $541
Taxes: $375
Debt services
Purchase price: $675,000
Mortgage amount: $540,000
Down payment (20%): $135,000
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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
RE/MAX Hallmark Realty Group: Listing Agent Danny Morissette
Nick Fundytus team website: nickfundytus.ca
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