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$795,000
Status: For Sale
Renovated Legal Duplex Take advantage of a unique legal duplex opportunity before the spring market heats up! Whether youre an investor or looking for a home with rental income, this property combines modern renovations, strong financials & redevelopment potential. Property Features: 2 Units: Unit 1: Lower Unit Bright 2-bedroom unit rented at $1,790/month until May 2025. Separate Garage: Perfect for storage or additional rental income. Unit 2 (Vacant): Upper Unit Renovated 3-bedroom unit with modern finishes, rented at 1,990/month. Separately metered, tenants pay all utilities. Zoning: R4 excellent potential for redevelopment or future expansion. Why This Property is a Smart Buy: Investors: Gross Income: $45,360/year, Net income after expenses: $39,050. ROI: Solid 5% at the current list price. Homeowners: Move into the vacant unit and let rental income help with your mortgage! Financial Snapshot: Annual Property Taxes (2024): $4,678. Annual Insurance: $1,632, Flooring: Hardwood, Flooring: Laminate
| Property Type | :Residential |
|---|---|
| MLS Number | :X10629536 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :19 Dec, 2024 (5 Days ago) |
| Source | :TRREB |
| Area | :Ottawa |
|---|---|
| Postal Code | :
K1L 7M7
|
| Price | : $795,000 |
|---|---|
| Property Taxes | :$4678.00 |
| Tax Year | :2024 |
|---|
| Bedrooms | :5 + |
|---|---|
| No. of Rooms | :0 |
| Air Conditioning | :None |
| Heating | :Baseboard |
| Place of Worship | :No |
| Cross Street | :Hwy 417 exit Vanier Parkway, right on Montreal Rd, left on Hannah, Property is on the corner of Hannah and Carillon. |
| Bathrooms | :2 |
|---|---|
| Fuel | :Gas |
| Virtual Tour | :Virtual Tour (External Link) |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :4 |
| Basement | :None |
| Garage | :Attached |
|---|---|
| Park | :Park |
22 Nov, 2024
TREB #X10629536
Listed
$795000.0
