REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,298,800
Est. payment /mo
Active
344 TWEEDSMUIR AVENUE Ottawa, ON K1Z5N4
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision 5002 - Westboro South
MLS® Listing ID X9517086
Bedrooms 4
Originating Board Ottawa Real Estate Board
Property Description
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 (id:24570)
Location
Province ON
Rooms
Extra Room 1 Second level 3.35 m X 3.2 m Bedroom
Extra Room 2 Second level 3.81 m X 2.59 m Bedroom
Extra Room 3 Second level Measurements not available Bathroom
Extra Room 4 Second level 5.79 m X 3.58 m Recreational, Games room
Extra Room 5 Second level 3.96 m X 3.65 m Primary Bedroom
Extra Room 6 Second level 3.35 m X 2.97 m Bedroom
Interior
Heating Radiant heat
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Ownership Freehold
Listed by RIGHT AT HOME REALTY