Saturday, March 24, 2012

Exclusive to Bennett Property Shop Realty - Domus Lofts

Check out some hot new Ottawa real estate, located above Domus Restaurant, at 85 Murray St in Byward Market (corner of Parent and Murray) are 22 condo rental conversion apartment units.  These units are being totally renovated and revitalized into urban hip condos.  Rental rates have been estimated by a professional property management firm and have the one bedroom units at $1300 per month and the two bedrooms at $2000 monthly. 
 
The model units will be finished this week and private viewings can be arranged through myself.  Please let me know a time you are free and we can see the super cool urban loft condos.

For Ottawa real estate be sure to contact Bennett Property Shop Realty Brokerage


One Bedrooms

no parking

Purchase Price $229,000.00
deposit $57,250.00
mortgage $171,750.00
Closing costs $4,580.00

rental income $1,300.00
mortgage $704.18
taxes $244.27
Condo $195.61
Cash flow $155.95



Return (7 years later)
Cash flow $13,099.80
mortgage reduction $28,363.07
value increase (3% annual) $52,641.12
total anticipated return $ 94,103.99




*** 2.79% interest, 3 year fixed, 30 year term
***rents based upon projection by property manager

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