This property is located on Champlain St in the heart of Bourget (45 mins to downtown Ottawa). Right in town by the main intersection, close to the public library, religious centre, grocery stores, and across from the Home Hardware, this is the perfect rental property. This legal triplex has had many renovations, including updated kitchens over the past five years (the seller has spent $150,000 updating this property), making it a true turn-key property. Do not miss out on an amazing opportunity to enjoy a hassle-free income property with cashflow!!
We are selling our assignable purchase contract.
Closing is October 29th, 2020.
**As per our APS the Buyer must assume the tenants. They are paying close to market value. Please see property features for unit price breakdown.**
** Please click HERE for more information and pictures**
Additional Features
5 bedrooms
3 full bathrooms
Structure code: 323 - triplex
Property code & description: 333 - residential property with three self-contained units
Built in 1890
Above grade: 3168 sq ft
Basement: 1584 sq ft (ceiling height is 3.4 ft)
2-storeys
3 separate entrances
Updated kitchens
Flooring: wood and vinyl
Large bright windows (approximately 10-years-old but some were updated in 2018)
No central AC
HE hot water boiler (replaced in 2015)
Municipal water supply
Sewer is private septic system (seller will pump before closing)
200 AMP breaker panel (recently updated)
Tin roof
3 hydro meters (paid by each tenant)
Total parking spaces: 8
Lot size: 53 ft x 150ft
Unit Breakdown
All tenants are on a one-year lease
Appliances not included in the sale (owned by tenants)
Each unit has laundry
Each unit has private deck (all were updated in 2018)
Property is rented for approximately $3,000/monthly
Unit A (downstairs):
- 2 bed, 1 bath
- $1100/month
Unit B (side):
- 1 bed, 1 bath
- $915/month
- Rent will increase to $935/month effective November 2020. The notice was given in July 2020.
Unit C (upstairs):
- 2 bed, 1 bath
- $965/month
PROPERTY NEEDS
Front porch requires minor maintenance
Upper balcony (unit C) has a city work order (railing height) that must be completed
The inside appears to be in excellent shape, some of the outside and siding needs attention
