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$ 979,900
Est. payment /mo
Active
2300 ELMIRA DR Ottawa, ON K2C 1H4
8 Beds
6 Baths
UPDATED:
Key Details
Property Type Other Types
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1419451
Style Detached
Bedrooms 8
Year Built 1961
Annual Tax Amount $4,500
Tax Year 2024
Property Sub-Type Residential
Property Description
Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.9% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $81,564, and low expenses of $14535 (utilities, insurance, prop tax and snow removal) for an NOI of $67329, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city.
Location
Province ON
Rooms
Basement Full
Interior
Heating Natural Gas
Flooring Vinyl
Exterior
Parking Features Open, Surfaced
Roof Type Asphalt Shingle
Building
Dwelling Type Bungalow(1 Storey)
Foundation Block
Sewer Sewer Connected
Water Municipal
Structure Type Brick,Siding
Listed by RE/MAX HALLMARK REALTY GROUP