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

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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

  • Century 21 Synergy Realty: Listing Agent Ian Soucy

  • Nick Fundytus team website: nickfundytus.ca

Financial Analysis

Download Max’s financial analysis of this property. 

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