Wednesday, January 18, 2017

University of Ottawa - Student housing opportunity - 600 meter from campus.....

Side by side, all brick duplex available in Sandy Hill, approximately 600 meters from University of Ottawa campus.  One unit with 5 bedrooms and 2 bathrooms, the second unit has 6 bedrooms and 2 bathrooms.  Currently fully leased, with leases expiring in Aug 2017 and May 2017.  Tenants pay all utilities, owner just pays property taxes ($8,024) and insurance ($4100).  The Ottawa Light Rail Transit is coming to campus in 2018....

Asking Price is $1,125,000
deposit - $225,000
Gross income - $76,800.00
Expense - $12,124.00
Net Income - $64,676.00

monthly estimated cash flow - $1,450.67

For additional information - please contact me here 

University of Ottawa housing is dwindling in supply.

University of Ottawa Student population is increasing...
In 1965 there were 4,300 students
1974 population climbed to 15,000
in 2013 there were 42,587
projected in 2020 for the student population is over 50,000 students;

This is an increase of over 17% in student population.

Click here for interior photos
Click here for a picture of the all brick exterior 

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