344 TWEEDMUIR Avenue, Ottawa, Ontario K1Z5N4

Listing courtesy of RIGHT AT HOME REALTY.

$1,298,800
List Price
$1,298,800
MLS®
1371557
Days on Market
70
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Lot Size Dimensions
52 ft X 107 ft
Subdivision
Westboro

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 net 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 today to secure your chance at this prime Westboro investment. (id:5764)

Additional Information

Ownership
Freehold
Subdivision
Westboro
Parking Spaces
1
Country
Canada
Sewer
Municipal sewage system
Heating
Other
Total Number Of Units
6
Stories
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks