Who’s looking for a profitable property?
Here’s your chance to grab a 2-storey condo townhouse in Ottawa for just $198K—with similar units nearby selling in the $300Ks. Whether you’re a buy-and-hold landlord or an end user looking to serve notice and move in, this is a rare opportunity to control a property for under $200K and unlock over $100K in equity.
Located near Hunt Club Rd & Bank St, you’re minutes from schools, parks, shopping, restaurants, and just a short drive to downtown. This 2-bed, 1-bath townhouse has a partially finished basement, and in-unit laundry.
Condo fees of only $405/month cover water, roof, windows, and common elements—so your big-ticket items are already handled. Roof and windows were updated by the condo board recently, and the furnace is fairly new.
Tenants have been in place for 8 years, are currently paying $1,100/month, and are up to date on payments. They’re cooperative and want to stay, making this a reliable and passive long-term opportunity if you simply want to park some cash for now. Turn your devaluing cash into real estate! We’re only talking $198,900 here. Who has this much sitting in the bank wasting away? Or, if you’re an end user looking for a home at a huge discount, serve notice and enjoy a price you’ll never see again in Ottawa.
How can you profit?
1) Landlord Play: Hold long-term with stable tenants and low buy-in price. Tenant’s currently pay $1100/month. Market rents for a renovated townhouse are $2200-$2500. Buying a house for $198k and getting over $2000 rental income is an amazing buy.
2) End User Move-In: Serve notice to the tenants and occupy—live for less than local rent!
3) Fix & Flip: Buy for $198k, do some easy condo renos and resell for a quick margin in the $300Ks.
SUMMARY:
– LOCATION: Ottawa, ON (Hunt Club Rd & Bank St)
– PURCHASE PRICE: $198,900 Or Best Offer
– AFTER REPAIR VALUE: Over $330,000 (A dated 2-bed house on the same street just sold for $330k last month.)
– CLOSING: July 6, 2025 but it’s negotiable (This is an assignment sale.)
– TYPE: 2 Storey Condo Townhouse
– BEDS/BATHS: 2 beds/1 bath
– PARKING: 1 surface parking
– BASEMENT: Partially finished
– SQFT: 854
– AGE: 1970
– CONDO FEES: $405 (includes water, roof, windows, common elements)
– PROPERTY TAX: $1,841 (2024)
– POSSESSION: Tenanted
RENOVATIONS NEEDED:
– Cosmetic renos (update kitchen, paint, flooring, general refresh)
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Roof and windows recently updated by condo board – Furnace is fairly new
– Reliable long-term tenants paying on time
– Located near schools, parks, shops, and just minutes to downtown Ottawa
LISTING ID: 0625-OTT-C01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
PS. PUSH HERE to get immediate access to these discounted deals as soon as they are available.
PS. Email us today for your info package. Who wants to become wealthier with this one?