344 TWEEDSMUIR AVENUE, Ottawa, Ontario K1Z 5N4
$1,298,800.00
- 4 bedrooms
- 2 bathrooms
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 ... read more
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 (id:25417)
- Listing ID: 1377265
- Property Type: Single Family
- Year Built: 1904
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 52 Ft by 107 Ft |
| Parking: | Attached Garage 3 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Dryer, Hood Fan, Stove, Washer and Refrigerator |
| HVAC: | Fireplace and Radiant Heat Natural Gas |
| Exterior: | Stone and Brick |
| Basement: | Full (Unfinished) |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| City: | Ottawa |
| Province: | Ontario |
| Nearby Amenities: | Public Transit, Recreation Nearby and Shopping |
| Rooms | Level | Dimensions |
|---|---|---|
| Recreation room | Second level | 19'0" x 11'9" |
| Primary Bedroom | Second level | 13'0" x 12'0" |
| Bedroom | Second level | 11'0" x 9'9" |
| Bedroom | Second level | 11'0" x 10'6" |
| Bedroom | Second level | 12'6" x 8'6" |
| Full bathroom | Second level | Measurements not available |
| Living room | Main level | 15'0" x 12'6" |
| Dining room | Main level | 15'0" x 13'0" |
| Kitchen | Main level | 18'0" x 11'0" |
| Solarium | Main level | 18'0" x 10'6" |
| 2pc Bathroom | Main level | Measurements not available |
| Laundry room | Main level | 9'0" x 8'6" |
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