Invest in the small towns around Ottawa

This month we are going to look at the sale of this 35 unit apartment building in a small town near Ottawa. This will show you the numbers on an income property just outside Ottawa.

The property we looked at this month gave the buyer a positive cash flow on this building with a 35% downpayment. They got a Cap Rate of 4.7% and more importantly, a positive cash flow of $13,748 per year.

If you want to invest in any type of income property, get in touch. Have a look at the current inventory of Multi-Family Property for Sale

Video covering the financial information for this Triplex that sold in September.

Triplex for sale in Sandy Hill, Ottawa. Price: $674,900

Coming to the Ottawa MLS Wednesday 18th September.

85 Goulburn Ave. is a terrific multi purpose triplex in one of the nicest parts of Sandy Hill. Just two blocks from Range Road, the Rideau River and Strathcona Park. Not rented to students.

Building has 3 apartments each with one bedroom. Apt, #1 is vacating October 1st & will be left vacant for an OWNER OCCUPANT. It's a charming 1 bed with access to the basement for personal storage & hookups for washer & dryer.

Or INVESTORS can rent #1 for projected amount of $1,350/mo. 35% down returns a 4% cap rate & positive cash flow & ROI.

Other two units are under rented so potential to increase revenue. Apt #2 $1,091. Apt #3 $860.

Charging for parking @ $100 each per month is another potential revenue source. Minimum 24 hrs notice for showings.

• Taxes are $7047 for 2019
• 2 blocks west of Range Rd, Rideau River & Strathcona Park
• 1.5 blocks south of Laurier
• Rents include parking and utilities
• Parking at back for 3 vehicles
• Stone foundation recently repointed
• Hot water rad heating - Hot water tank is owned
• Right of Way to back yard

Use the Streetview Map below to explore the neighbourhood near 85 Goulburn

Offers conveyed Sept 28th @ 10 am.

View some other income properties for sale

3 bedroom house for sale in Orleans Wood, Orleans

Come see 1079 Avignon Court in Orleans, it's coming to the Ottawa MLS on Monday 16th September. Great location with a private backyard. Interior images and more info for 1079 Avignon.

This bright well-maintained Semi-detached has no rear neighbours and backs on to a walking path.

• Ikea kitchen with plenty of storage and eat-in area
• new Stainless Steel appliances (18)
• Natural Maple hardwood on the main & upper levels of this home (10-11).
• Taxes/Year: $3,266.00/2019

The main floor has a large dining area, new pot lights added to the private great room with a wood-burning fire and large windows to your 2 tiered decks, finishing off the main are the Laundry and powder room.

Upstairs has 3 generous size bedrooms, the Master features a walk-in closet and wall to wall pax wardrobe and a cheater door to the renovated main bath (2010).

The lower level has a finished recreation room with laminate floors, a rough-in future bathroom and plenty of Storage.

The home has great bones too.

• Freshly Painted '19
• Roof-50 yr shingle '06
• Furnace/AC/O wned HWT '13
• Fenex Window 2000
• Close to the future LRT, Convent Glen shops, Place D'O rleans Shopping Centre and the Park N Ride and schools, easy access to the 174.

Appliances Incl: Dishwasher, Dryer, Microwave/Hood Fan, Refrigerator, Stove, Washer.

Have a look at the immediate neighbourhood

Use the Google Streetview below to navigate around the listing at 1079 Avignon.

Comparing 2 Sandy Hill Income Properties that Sold in Aug. 2019

Both of the properties in this months video are from the same neighbourhood and both of them had 4 apartments in them. You can see that some of the numbers are very different.

The first building shows a Cap Rate of 2.6% while the other has a 4% Cap. The cash flow on the first is negative 10,000 per year, while the second property has a positive cash flow of $6000. This is based on both buyers putting down a 35% downpayment.

Have a look at all of the Income Properties currently for sale

920 Longfields Drive in Barrhaven is now SOLD!

MLS # 1161865 will be priced at $549,900 and it's a very well cared for 4 bedroom family house, it is the Richcraft Vista model build in 2010 approximately. Pics getting done later this week.

Plenty of natural light in this 4 bedroom family home. Richcraft Vista model 2,165 sq. ft according to builder plans. Upgraded wood oak staircase.

The main level features maple hardwood floors in living, dining, and family rooms & porcelain tile in the kitchen & baths. Pot lights throughout main floor. Bright kitchen with lots of natural light and upgraded cabinets. Granite on both the counter tops and island.

Walk out to the back yard from the eating area. Keep an eye on the kids from the kitchen overlooking the family room which features a gas fireplace and soaring 20 ceiling. There's a convenient powder room and laundry room on the main floor.

The 2nd floor has 4 generous size bedrooms and full 4 piece bath. The master has a walk-in closet & 4 piece ensuite with separate shower.

The large corner lot provides added privacy as it's not surrounded by neighbours homes + it is fully fenced. Basement with high ceilings.

Roof 2018 by Saunderson. 48 hour irrevocable on offers.

Schools in Immediate neighbourhood:

• Longfields-Davidson Heights Secondary School, 2 min. drive
• Berrigan Elementary School, 2 min. drive
• Monsignor Paul Baxter School, 3 min drive

Use the interactive map below to have a look at the neighbourhood around this new listing.

Location: Corner of Longfield Dr. and Calaveras Ave.

If you want to live in this part of Barrhaven, have a look at all of the other homes for sale in Longfields.

If you want to see this listing, give Patrick Walchuk a call at 613-788-2590 or email Patrick@AgentInOttawa.com

48 Florizel Ave. is for Sale on Ottawa's MLS

MLS# 1156732 and Priced at $519,900. Perhaps one of the best Bells Corners locations backing on to NCC land on a child friendly avenue, come see this big 4 bedroom house today.

Some features at 48 Florizel:

• True family home with lots of space for everyone.
• 4 bedrooms on second floor.
• 4 baths consisting of 2 full baths including an ensuite, a 3 piece with shower, and a 2 piece powder room.
• Renovated baths with porcelain and granite floors.
• Hardwood flooring in living, dining, and family room (with fireplace) which overlooks back yard and NCC land.
• Renovated kitchen, opened up and more pantry space added.
• Fully finished basement with recreation room and two other rooms for a home office or hobby room.
• Large 2 car garage with direct access to house plus room for 4 cars in driveway.
• Bell Fibe currently being laid on street.

ATTENTION DND employees:

cycle to work from here. Westcliffe Estates also has easy access to Hwy #416 & #417. Short drive to Barrhaven and Kanata.

Directions to Florizel:

Moodie to Tyrell. Left at Seyton, left at Florizel

Streetview and Google Neighbourhood Tour below

Contact Patrick Walchuk if you want to schedule a showing, 613-788-2590 or Patrick@AgentInOttawa.com

View all of the homes for sale in Bells Corners

Income Properties with Permits issued after April 2017 will see huge reduction in Taxes for 35 years.

A new bill has just been passed by the Ontario Government concerning properties with 2 or more units in them, where the permit was issued after April 2017.

These building owners are about to get a break on their property taxes, for 35 years! So, if you own an income property and the permit was issued after April 2017, you will have a nice surprise coming your way, for 35 years. And, an even bigger bonus if you just bought a building like this! (the old owner might be miffed)

You can hear Patrick Walchuk discussing this news at the end of this months movie update, go to 1 minute 43 seconds to hear his take.

As an example, when we do the financials for any property we usually find out that the property will produce a small cash flow of a few thousand dollars per year. If you are in this situation, your cash flow could double, triple, or even more.

The taxes on these types of properties could be 50% less as we have just seen this happen in an 8 unit building.

The Ontario Government are doing this to encourage people to build more Multi-Unit Residential properties.

MULTI-UNIT RESIDENTIAL PROPERTY CLASS

Below is the transcript from the larger document, outlining the changes to the Multi-Unit property class, with permits issued after April 20th, 2017.

This news is just out and we are still trying to get more details about it and we will update this page as we find out more. We are sure there will be some issues as we progress.

What about that person who built a 20 unit building 1 week before this new law. They could be paying $28,000 per year in taxes, while the exact same building next door is only paying half that amount, for 35 years. Big Big savings if you work this right.

Will we see a bunch of people jump on this opportunity, let's wait and see.

Are you looking to buy, have a look at some Income Properties for Sale, or get in touch if you want to sell your building.

This month we are looking at the financials from the sale of a smaller Triplex in the South end of Ottawa

The building below sold just last month for slightly over the asking price, and with a 35% down-payment the buyer has a positive cash-flow as well as a decent Cap Rate of 4%.

If you are looking to either buy or sell any type of income and investment property, get in touch, or have a look at our current inventory of Income Properties for sale

This month we are taking a look at a larger building, this 12 unit sold in April 2019, below are the financials.

This building was a mix of bachelor and 2 bedroom apartments with one unit being commercial with a separate entrance. There were 11 parking spaces.

It's good to see that someone can get a positive cash-flow from their investment, this building shows $11,601 per year which is a 1.7% return on their investment of almost $700,000. The Cap Rate seems decent too, at 5.1%