404 B - 2044 ARROWSMITH DRIVE, Ottawa

$279,900

For sale: Apartment

Apartment at 404 B - 2044 ARROWSMITH DRIVE, Ottawa
Property type
Condo Apartment
Bedrooms / bathrooms
3 bedrooms, 1 bathroom
Living area
899 sqft
MLS®
MLS® X13213592
Neighbourhood
2108 - Beacon Hill South

ATTENTION INVESTORS! RENOVATED 3-BEDROOM CONDO WITH VTB FINANCING! Welcome to Unit 404B at 2044 Arrowsmith Drive, a beautifully updated 3-bedroom condo offering an excellent investment opportunity in Ottawa's east end. Currently tenant-occupied at $2,450/month, all-inclusive. Seller will not provide vacant possession; property is being sold as an investment. Seller is prepared to provide a 15% Vendor Take Back (VTB) mortgage, with the Buyer contributing not less than 10% of the purchase price, subject to mutually acceptable terms and Seller approval. Located on the 4th floor, the unit includes parking space #219, same-floor storage locker #404B, secure building access, outdoor pool, dry sauna, guest parking and card-operated laundry. Extensive renovations include new flooring and paint, updated switches, outlets and copper pigtails, LED lighting, new baseboard heaters and thermostats, plus a redesigned kitchen featuring soft-close cabinetry, quartz countertops, updated sink and fixtures, corner swing-out shelving and glass tile backsplash. The refreshed bathroom features updated tile, vanity and toilet, while the spacious primary bedroom offers a walk-in closet. Conveniently located near shopping, Costco, restaurants, schools, parks, Blair LRT and Hwy 417, with easy access to downtown Ottawa. Renovated, income-producing and available with attractive Seller financing - a great opportunity to add to your investment portfolio. VTB subject to Seller approval and mutually acceptable terms.

Sold data

Apartment homes in Ottawa — recent sold market

Apartment homes in Ottawa took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 62, across 369 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 60 days.

The median sale price was $398,000.

Homes sold for about 2.7% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$398,000
Sale-to-list ratio
97.3%
Sold above asking
7%

Based on 369 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 404 B - 2044 ARROWSMITH DRIVE