Posted by: Max Balan
Each week, Max breaks down the numbers for a great investment property in Ottawa
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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.
Monthly financial breakdown
Monthly operating expenses
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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!
Download Max’s financial analysis of this property.