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!.

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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

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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 Affiliates Boardwalk: Listing Agent Peter Bastedo

  • Nick Fundytus team website: nickfundytus.ca

Financial Analysis

Download Max’s financial analysis of this property. 

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