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I have an exclusive condo investment property for sale that has long-term, positive cash-flow and appreciation potential. This property is practical for a first-time investor or an investor looking to build his or her real estate portfolio. Here are important details you need to know about this modern property: Location: 366A Wood Acres Grove
Price: $200,000
Description: Built in 2016, this two bedroom, one bathroom condo comes with in-unit washer and dryer, one parking spot and comes with all appliances and hardwood floors. This property is currently occupied by a respectable tenant who pays her rent on time and keeps the property clean and well-maintained. The tenant has occupied the property since it was built in 2016 because she works at the nearby Findlay Creek Shopping Plaza where she finds it convenient for her lifestyle. She is open to signing a long-term lease.
This investment property offers plenty of advantages that makes it an attractive opportunity:
- Located in Findlay Creek in Ottawa South where it is closer to the Ottawa airport, Findlay Creek Shopping Plaza, Highway 417, parks, schools, public transit, walkways, bicycle paths and the Rideau Carleton Raceway Casino, to name a few.
- Findlay Creek is a safe and growing community of families, couples, professionals and retirees, along with new home developments which can potentially increase long-term property values of existing homes in the neighbourhood. As an investor, if you have a long-term focus, this means that owning 366A Wood Acres Grove can lead to a significant amount of equity and appreciation where you can sell the property for a considerable profit, or take some of the increased equity from the property to purchase another investment property.
- The City of Ottawa recently approved the redevelopment of the Rideau Carleton Raceway Casino where it will be expanded for more gaming space, along with a hotel and music venue that will create 1,900 construction jobs and 2,000 direct and indirect ongoing jobs. This means that where the jobs go, people will move and looking for rental accommodations in the Findlay Creek area that they may be willing to pay high rent for the convenience of living closer to work. You can read more details about the casino redevelopment here in this article: http://ottawacitizen.com/news/local-news/rideau-carleton-raceway-set-to-become-the-hard-rock-casino-ottawa
- Over a one-year period, 2-bedroom and 1 bathroom condos in the Findlay Creek area have sold on average for $212,000.
- The home has a five-year structural warranty.
For your information, please find the rental income-expense statement and photos of this valuable property.
This property is available for showings. If you or someone you know is interested in seeing this rental property, let me know and I can schedule an appointment to see the property privately.
Michael
(613) 618-4082
revceomike@gmail.com
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