32 Laurie Court, Ottawa, Ontario K2L1S4

Listing courtesy of KELLER WILLIAMS INTEGRITY REALTY.

$829,888
List Price
$829,888
MLS®
1268440
Days on Market
33
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Lot Size
5,662
Subdivision
Glencairn

Property Description

This Kanata investment property has two VACANT beautifully renovated units including a BRAND NEW secondary dwelling unit with separate entrance. The upper level is a large 3-bedroom unit. The lower is a 3-bedroom unit with TWO full bathrooms. Absolute cash cow, the best in Kanata. The gem of any A+ duplex conversion: brand new gas boiler heating; savings right to your bottom line. 2 Hydro meters, paid by tenants. Cash flow: $2100+$1900 projected monthly rent annualizes to $48,000. Subtract $307/M taxes, $150/M insurance, $75/M heat, $250/Q water and net income is over $40,000. Yes, forty grand net, in Kanata. At 1.85% over 30yrs the mortgage is $2404 and cash flow is an incredible $981/month. 30yr ownership: cash flow $353,000; 5% value growth/yr = $3,586,728 value. Per CIBC, thats 19x the average Canadians retirement savings. Imagine finding this deal just 2 or 3 times in your lifetime. These units were created after Nov 15 2018 meaning they're permanently exempt from rent control. (id:2579)

Additional Information

Heating Fuel
Natural gas,
Subdivision
Glencairn
Parking Spaces
3
Construction Materials
Wood frame
Fencing
Fenced yard
Levels
2
Cooling
Wall unit
Country
Canada
Flooring
Hardwood, Tile, Vinyl
Sewer
Municipal sewage system
Frontage Length
55 ft
Community Features
Family Oriented
Heating
Hot water radiator heat, Radiant heat
Total Number Of Units
2
Stories
2
Lot Size
5,662

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks