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.

267 St. Jacques St, 5 unit property multifamily

Prime Rental stock presents an attractive opportunity with five spacious and well-lit one-bedroom suites, each professionally remodeled and boasting a solid 5% Cap rate. These meticulously maintained units, located in North Vanier near Lindenlea, offer both efficiency and pristine aesthetics. Conveniently situated within two blocks of the Richelieu Vanier community centre, Ottawa Library, a bus stop, and a corner grocery store, the property provides easy access to essential amenities. Surrounded by leafy forests and parklands, the suites feature separate entrances and meters, as well as common laundry, storage, and three parking spaces. Recent updates include the roof, decks/stairs, windows, kitchens, appliances, baths, flooring, furnace, and hot water tank. The property is currently occupied by excellent tenants, fostering a positive neighborly atmosphere, making it an uncomplicated and manageable investment.

Links

Monthly financial breakdown

  • Monthly gross rental income: $5515

Acquisition costs

  • Down payment: $171,980

  • Home inspection: $500

  • Total acquisition cost: $172,480

Monthly operating expenses

  • Insurance: $167

  • Total monthly cost: $649

  • Taxes: $482

Debt services

  • Purchase price: $859,900

  • Mortgage amount: $687,920

  • Down payment (20%): $171,980

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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

  • EXP REALTY: Listing Agent Gary Underwood

  • Nick Fundytus team website: nickfundytus.ca

Financial Analysis

Download Max’s financial analysis of this property. 

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