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Property Details (Ottawa, ON)


Attention all investors! Fourplex for sale in Hawkesbury, Ont.

Asking Price $ 434,000 CAD
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Property Description
Attention all investors: Don’t procrastinate and lose your chance!!

65 (a) – 67 (a) Spence Avenue, Hawkesbury, ON K6A 3T7

For sale!!! Conveniently located fourplex consists of 2-2 bedroom units (with garage) and 2-1 bedroom apartments on the main level. Annual gross income of $36,000 generated by long-term tenants who take great care of their units.

Building is in excellent condition. Exterior improvements such as concrete sidewalks, extended parking with concrete curbs and new decks were completed in 2015, This building is a semi-detached duplex with 4 independent electrical meters and heating systems (expenses are the tenants’ responsibility).

Poured concrete construction, natural gas radiant heated floor make the units comfortable and energy efficient. All 4 units are open-concept and the large windows flood these units with natural light. Each unit has been updated and renovated throughout the years (kitchen, bathroom, paint, etc.). They also feature hardwood, laminate & ceramic flooring throughout and are equipped with natural gas fireplaces.

Walking distance to all amenities; restaurants, parks, golf course, public library, hospital, etc..

Asking price $434,900. Approximate monthly mortgage of $1,540*.
Annual rental income: $36,000 ($3,000 monthly)

* Monthly payments are an estimate based on a 25 year mortgage with 20% down, 5 yrs – fixed @ 2.39% (non-owner occupied)

Year built: 1999
Lot dimension: 68’x 101’
Heating: Natural Gas, Radiant
Water: Municipal
Sewer: Municipal
Services: electricity, Telephone, Cable, Natural gas
Equipment: 2 water tanks and 2 tankless water heater,
Exterior: Vinyl, Brick
Driveway: Paved, curbs. parking for 6 vehicles
Foundation wall: Poured concrete
Features: Deck/Patio, Air Exchanger, Patio Doors
Roof: asphalt Shingle (new in 2015)
Flooring: ceramic, hardwood and laminate

Expenses: Monthly Annually
Insurance: $156.60 $1,880.00
Water taxes: $262.50 $3,150.00
Municipal taxes (2016) $534.00 $6,414.00
Address: 65 Spence Avenue, Hawkesbury, Ont K6A3T7
Posted Date 2017-03-28 16:37:55(GMT)
Last Modified 2017-03-30 15:44:13(GMT)
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Property Image 1