164 Hawthorne Avenue, Ottawa, Ontario K1S0B3

Listing courtesy of TRACY ARNETT REALTY LTD..

$679,900
List Price
$679,900
MLS®
1238122
Days on Market
23
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Ottawa East

Property Description

INVESTOR ALERT DO YOU HAVE $135,000 IN HOME EQUITY CURRENTLY AND WANT TO ELEVATE YOUR PORTFOLIO TO THE NEXT LEVEL. Finance your current home with a LOC at 1.35% variable rate and buy this well maintained and tenanted property in Old Ottawa East the hottest neighbourhood with values increasing monthly. This fabulous three storey semi-detached duplex has long term tenants in place and the property is in mint condition. Low maintenance home with low maintenance tenants. Purchase price of $679,900 minus the down of $135,000 gives you a manageable mortgage payment of $1837.00 a month with a low interest variable rate of 1.35%. Total carrying cost for heat, hydro and taxes puts your total monthly expenditure at $2341.38. Tenants are paying $2523.00 a month. After five years you will have paid down $77,097. Your tenants have made you $77,097 dollars. (id:2579)

Additional Information

Heating Fuel
Natural gas
Subdivision
Ottawa East
Parking Spaces
1
Fencing
Fenced yard
Levels
3
Country
Canada
Flooring
Wall-to-wall carpet, Hardwood, Laminate
Sewer
Municipal sewage system
Frontage Length
14 ft
Heating
Forced air
Total Number Of Units
2
Stories
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks