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$ 1,298,800
Est. payment /mo
Active
344 TWEEDSMUIR AVE Ottawa, ON K1Z 5N4
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Other Types
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1377265
Style Detached
Bedrooms 4
Year Built 1904
Annual Tax Amount $7,834
Tax Year 2023
Property Sub-Type Residential
Property Description
Seize this rare opportunity to build a lucrative investment property in the heart of Westboro. Whether you choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in it's R4UB zoning, this property offers unparalleled possibilities. The approved architectural plans include 9' ceilings, large sunlit windows, an elevator for convenience, a rooftop space for relaxation, dedicated parking, and a bike/garbage shed in the back. Unit Breakdown:Two luxurious 3-bedroom + den, 2.5-bath units w/ in-unit storage (each 1850 sqft) ideal to live in; One 2-bedroom unit; One 1-bedroom + den unit & Two 1-bedroom units. W/ a strategic unit mix, the projected annual rental income is an impressive $256,800. After a 20% projected expense of $38,520, the expected NOI is $218,280, reflecting a solid 5.5% cap rate w/ potential for growth. It provides immediate income while you plan for the future. Act now to secure this prime Westboro investment. Some pics virtually staged
Location
Province ON
Rooms
Basement Full
Interior
Heating Natural Gas
Flooring Hardwood, Tile
Exterior
Parking Features 1 Garage Attached, Surfaced
Garage Spaces 1.0
Building
Dwelling Type 2 Storey
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Brick,Stone
Listed by RIGHT AT HOME REALTY