Ottawa Real Estate Investors Organization

Folks,

I had a call earlier this week from the owner of a 7-plex.

He has just finished renovations on the entire building. New doors, new windows, new roof, etc. etc.
He is a former construction owner/operator, so everything is up to code. He estimates no repairs major repairs will be required for 10 years (allowing you time to save for them :-). Operating costs are next to zero for several reasons.

Currently the building is vacant but he will start putting in tenants in effective December 1st.

There are 3 x 2Br and 4 x 1Br in the building. Two and a half storeys tall with a common hallway/staircase that runs up the middle of the building. Fire retro done. Close to all amenities (walking distance).

Asking price to be negotiated, but ballpark $500-600K. VTB available, however the owner is looking to purchase another larger commercial building.

I can answer general questions about the property, but mostly I will provide the contact information of the seller for serious investors only.
Contact me via email only (in the signature below).

JRW

John R. Walsh, B.Eng
Mortgage Agent with Mortgage Alliance
Licence Number: M08000603
Founder of O.R.E.I.O. www.oreio.org

613-237-7044 x148
888-474-0137 (toll free fax)

John@WalshClan.biz
jwalsh@mortgagealliance.com
http://ForAllYourMortgageNeeds.com
blog: ForAllYourMortgageNeeds.com/wordpress
Twitter: www.twitter.com/jr2walsh