Who’s looking for a profitable property?
This is a clean, low-risk opportunity on a 2005 condo townhouse in Ottawa. There’s a $215k spread, and it’s an easy project needing minor cosmetic work! With 1,093 square feet, 2 beds and 2 baths, the layout is practical for both end users and tenants. Because it’s a condo, flippers don’t need to worry about big-ticket items like the roof or exterior elements.
Also consider a buy-and-hold. Similar rentals in the area are going for $2,500-$2,900/month. With only $419/month in condo fees, landlords have lots of room for profit. Remaining big ticket items are in great shape. The furnace and AC are from 2024, and tankless hot water was set up in 2021.
How can you profit?
1) Easy Wholetail – Built in 2005, this home has great bones. Simply clear out any junk, paint, then update some key cosmetics. Renovated condo townhouses in this area are selling for $560K-$590K. That gives you over a $200K spread for an easy cosmetic project!
2) Move In With Equity – End users get a move-in-ready 2 bed, 2 bath townhouse at a price well below comparable resale values.
3) Buy & Hold Rental – Two-bedroom, two-bath rentals in this pocket of Ottawa are renting between $2,500-$2,900/month. With condo fees covering building insurance and common elements, landlords get predictable costs and a profitable long term hold.
4) Realtors: Bring Your Clients –Whether your client is an investor chasing the spread or an end user wanting instant equity in a newer-built unit, this one checks both boxes! 3% co-op included!
SUMMARY:
– LOCATION: Ottawa, ON (Bronson Ave & Slater St)
– PURCHASE PRICE: $349,900 Or Best Offer (includes 3% co-op for agents)
– AFTER REPAIR VALUE: $565,000
– CLOSING: December 15, 2026 (Some flexibility in closing if needed. This is an assignment sale.)
– TYPE: Stacked Condo Townhouse (upper unit)
– BEDS/BATHS: 2 beds / 1.5 baths
– PARKING: No parking
– SQFT: 1,093
– AGE: 2005
– PROPERTY TAX: $4,332 (2025)
– POSSESSION: Vacant
– CONDO FEES: $419.64/month (includes Building insurance, Common elements)
– ESTIMATED RENT: 2,500-2,900/month
RENOVATIONS NEEDED:
– Cosmetic updates as desired
– Some junk and furniture removal
– Please view the pictures and videos for ideas on what you’d like to renovate
LISTING ID: 1126-OTT-F01
GOOD NEWS:
– 2005 build, newer than most comparable inventory in the area
– Condo structure means roof and exterior elements are taken care of
– $419.64/month condo fees include building insurance and common elements. Lower than most comparable properties!
– $215k spread with minimal work needed, mostly a cosmetic refresh
– Furnace and AC (both new in 2024) and tankless hot water set up in 2021
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, Tobias King & Georgia Godfrey
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.