New to Market 77 Lees Avenue

OLD OTTAW EAST | Ottawa, ON

$749,900

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Excellent Duplex in Canal East

Excellent Revenue generating 2 unit income or owner live in .

Buy into an area that is sought after by couples, families and investors . Close to all the amenities and minutes to excellent transit- the Canal- the river- University of OTTAWA and an easy walk to downtown - the Byward market- the shops on Main and over to the Glebe. Lots to do in a true urban hub.

In an area that has seen many income properties being turned into singles this well kept and well rented 2 unit ( one per floor) income property is  rare find. Either keep in your portfolio or use for your university age kids to stay in . Turn key . 

This end of row duplex provides excellent income with a NET of $36,912.00 per year 

Main floor Apt B tenant lease till July 2022 at  $1,600 plus electrical. 

Second floor Apt A at $1,900 plus 100 for parking plus electrical - $2,000 per month - lease set to expire end of Sept so great opportunity to buy and live in.

Expenses are 

Taxes  $5,022.94

Gas $704.20

Water 549.31

Insurance:

Snow Removal

Total 6276.45

 

The area: Canal East

This pocket area could not be better located renamed years ago to Canal East/Old Ottawa East the area has been transformed through he years and most recently with the Development along Main street of high end condos and homes. The  Main Street renewal is continuing with a  growing array of shops and coffee houses that include one of our favorites Café Qui Pense.

Our go to Italian -  Little Italy Fine Foods https://littleitalyfinefoods.ca/ and  of course we can not forget the old standbys that have been on main forever such as the Green doorhttps://www.thegreendoor.ca/ , Watkins pharmacy , Singing Pebbles books, 3 trees https://3treesottawa.com/ and plus Sulsa Wok ( nicest couple and kids ever!) https://www.sulawok.com/

Within walking to St. Pauls University and the University of Ottawa as well great transit to take you just about anywhere -including to  3 main hospitals. The river and the Canal are all at your doorstep for your year round enjoyment .

 

 

 

 

 

 

The Spaces

MAIN FLOOR Apt B

Rented at $1900 PER MONTH PLUS HYDRO plus 100p.m for parking

Living room - 12' x 10.4'

Kitchen - 13.2' x 12.10'

fridge, stove, hood fan, dishwasher recessed lighting - access to covered porch

Bathroom - 7.8' x 4.11'

Bedroom, - 11.1' x 9.3'

Rented at $1,900.00 per month plus hydro Lease till July 2022

2nd floor Apartment A - 17.8' x 11.4'

Rented at $1,600.00 per month plus hydro Lease till July 2022

Kitchen - 13.1010' x 112.1009'

dishwasher, stove, fridge, hood fan

Livingroom - 17.8 ' x 11.4'

Bathroom - 7.7' x 5.4'

4pc

Bedroom - 10.4 ' x 1810.4'

Bedroom - 9.1' x 9.1'

BASEMENT - 37' x 18'

Info & Facts

Bedrooms:4

Bathrooms:2

Parking:1

Taxes:$5023

leases available  tenants are in charge of snow and yard maintenance except for the common shared laneway snow removal.    

Included: 2 fridges, 2 stoves, 2 dishwasher, 2 hood fans 2 washer, 2 dryers    Rental 2 hot water tank

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