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$1,298,800
Status: For Sale
Flooring: Tile, 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, Flooring: Hardwood
| Property Type | :Residential |
|---|---|
| MLS Number | :X9517086 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :29 Oct, 2024 (14 Hours ago) |
| Source | :TRREB |
| Area | :Ottawa |
|---|---|
| Postal Code | :
K1Z 5N4
|
| Price | : $1,298,800 |
|---|---|
| Property Taxes | :$7834.00 |
| Tax Year | :2023 |
|---|
| Bedrooms | :4 + 0 |
|---|---|
| No. of Rooms | :12 |
| Air Conditioning | :None |
| Heating | :Radiant |
| Place of Worship | :No |
| Cross Street | :Tweedsmuir between Richmond Rd and Scott |
| Bathrooms | :2 |
|---|---|
| Fuel | :Gas |
| Living | :4.57 m x 3.81 m |
|---|---|
| Kitchen | :5.48 m x 3.35 m |
| Laundry | :2.74 m x 2.59 m |
| Prim Bdrm | :3.96 m x 3.65 m |
| Br | :3.35 m x 3.20 m |
| Dining | :4.57 m x 3.96 m |
|---|---|
| Solarium | :5.48 m x 3.20 m |
| Rec | :5.79 m x 3.58 m |
| Br | :3.35 m x 2.97 m |
| Br | :3.81 m x 2.59 m |
| Exterior Finish | :Brick, Stone |
|---|---|
| Basement | :Full |
| Garage | :Attached |
|---|---|
| Park | :Park |
