Tuesday, August 17, 2010

Two Ottawa Investments

I have recently found two investment options in Ottawa.  Both have some interesting options

#1

2 bedroom/2 bathroom terraced home.  1 year old.  Rented with 23 months remaining on lease at $1450 per month.  Unit for sale at $314,900.  Recent sales at $309,000 and $320,000

- cash flow approx $301 per month










#2

2 bedroom/2 bathroom condo apartment near St Laurent Mall.  Bank foreclosure unit, in pristine shape.  Penthouse apartment, stainless steel appliances, lots of windows, easy bus access.  Unit for sale at $301,500 - most recent sale on penthouse level was $320k

- cash flow estimated at $270 per month