Excellent investment opportunity within walking distance to University of Ottawa campus! 572 Chapel Street was renovated in 2011 - New roof, furnaces, insulation, wiring, plumbing, windows, sewer connections, basement lowered and finished, Each side has been converted from a 3 bedroom 1 bath to a 5 bedroom 2 bath unit. New addition adding two 5 bedroom 2 bath units was built in 2012 (Approx 3100 S.F. High quality finishes) No vacancies. Each apartment is individually leased to parents (Tenants responsible one to the other) of five students who are the Occupants, which means as per the Lease full rent for each unit must be paid. The tenants pay their own heat and hydro. Other Income is generated by way of a solar panel installed on the roof. Many years of guaranteed income left. Fully transferable.
Public Transit, Recreation Nearby, Shopping
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