Orleans - Convent Glen and Area - 2010 - Chateauneuf
Orleans - Convent Glen and Area - 2010 - Chateauneuf
Sold For$801,000
Listed For $700,000
Sold Jul 2022
Flooring: Tile, Flooring: Vinyl, Flooring: Mixed, Incredible 8 BEDROOM 8 BATHROOM LEGAL 2-unit investment with a 7.25% CAP RATE and $1,716 monthly CASH FLOW. Welcome to 1916 Belcourt in the heart of Orleans, the centrally located turn-key property investors dream of. Two expertly designed units, each with 4 bedrooms and 4 full bathrooms. Yes, even the lower is a 4 bedroom unit with every bedroom hosting a private ensuite; perfect for the option of renting to a household of students or young professionals. The result? An absolute cash cow, the best available in Ottawa. Both units are tenanted; upper unit to a lovely retired couple for $2,378/mth+hydro, lower to a group of 4 women for $2,770/mth inclusive. The total is a phenomenal $5,148 per month. GOI $5,147, NOI $50,763, P&I $30,176 @3.5%
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