Vanier and Kingsview Park - 3402 - Vanier
Vanier and Kingsview Park - 3402 - Vanier
Sold For$975,000
Listed For $895,000
Sold May 2022
OFFER ACCEPTED, NO FURTHER SHOWINGS. WAITING FOR DEPOSIT CHEQUE. WOW, CASH COW INCOME PROPERTY! TREMENDOUS CASH FLOW! 6.65% CAP RATE! Welcome to 225 Deschamps Ave! Legal triplex with a 4th non-confirming unit. Building has been extensively renovated and re-designed (with permits) including a brand new 2-storey addition at the back of the building, new gas furnaces (2020), new kitchens in each unit (quartz or granite counters, new cabinetry, stainless steel appliances), new baths in each unit, modern vinyl flooring throughout, new insulation, new drywall, professionally painted! NET OPERATING INCOME = $59,496. 6.65% CAP RATE (with 20% down, 2.25% variable mort with 30 yr ammort.) UNIT 1 - 1 bed, 1 bath, UNIT 2 - 0 bed, 1 bath, UNIT 3 - 0 bed, 1 bath, UNIT 4 - 2 bed, 1 bath. All 4 uni
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* Values are estimates only and not a guarantee of lending or affordability.