!!QUICK CLOSE!! 3 Bedroom, 1 Bathroom Apartment Co-op Flip Opportunity in Vanier!! Available

  • $235,000
  • 3 beds
  • 1 baths
  • 700-1099 sqft

This 3 bedroom, 1 bathroom apartment is the perfect quick flip!! With the property only needing some cosmetic updating throughout, this is ideal for an Investor to add to their growing portfolio!! The building is situated in Vanier, only a bus ride away from all the universities, museums and everything the city has to offer — making it the perfect rental candidate for university students looking for a place in close proximity to all the schools!! The dining room was recently converted into an additional bedroom, but you could remove the wall and open up the kitchen and dinning room area to add in more communal space, if desired (Buyer to verify). The unit is located in the basement level of the building, though still gets great light through the windows throughout the day!! There are not too many places in the city of Ottawa where you can get 3 bedrooms, access to outdoor space and parking for under $300,000!! Don’t miss out on this quick flip opportunity!!

We are selling our assignable purchase contract.

Closing is March 31st, 2022
*As per the co-ownership APS, the new Buyer must be approved by the board of directors. The co-op board has until March 18th, 2022 to approve of the Buyer.** 
PROPERTY FEATURES

  • 3 bedrooms (2 bedrooms, as per MPAC)
    • The dining room is currently being converted into a third bedroom, but could be converted back to a dining area if a wall is removed (as per Seller)
    • Ceiling in the largest bedroom has cosmetic water damage that will need to be fixed (see HERE)
      • The leak originated from the upstairs apartment and has since been rectified, however the cosmetic damage on the ceiling is all that will need to be repaired (as per Seller)
  • 1 full bathroom
  • Built in 1950
  • Above grade: 700-1099 sq ft (as per MPAC)
  • All appliances will be included
  • Flooring: vinyl
    • Seller will be leaving the flooring he has purchased (it is enough to cover 2 bedrooms, as per Seller)
  • In-unit laundry
  • 125 AMP breaker panel
  • Boiler (as per MPAC)
  • No central AC
  • Windows are older, and there is a crack in 1 of the windows (as per Seller)
  • 1 parking space
  • Apartment has access to the back porch
    • Large enough to accommodate outdoor seating and a barbecue (Buyer to verify)
  • On municipal services
  • Co-ownership fee: $375/monthly (Buyer to verify)
    • Fee includes: heat, water and property tax (Buyer to verify)
  • Zoning: R40 (as per MPAC)

PROPERTY NEEDS

  • Cosmetic updating (including ceiling in the largest bedroom from previous leak)

Please click HERE for more pictures and information.
Price:
$235,000
Address:
Blake Blvd & Lafontaine Ave
Ottawa, ON
Square Feet:
700-1099
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Apartment
Year Built:
1950

Call 647-370-0820 for more details

Property Location