Investment Property In The Heart Of Westboro

Surface size

m²

Bedrooms

Bathrooms


Ottawa

03/04/2024

Details
Region: Ontario
City: Ottawa
Category: Real Estate for Sale
For Sale By: Owner
Type: Land
Date: 03/04/2024

Description
Seize this rare opportunity to develop a highly profitable investment property in the heart of Westboro. -Choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in its R4UB zoning, this property offers unparalleled possibilities! The approved architectural plans include -9’ ceilings, large sunlit windows -Elevator for convenience -Rooftop space for relaxation -Dedicated parking -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 -With 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 -Provides immediate income while you plan for the future Act today to secure your chance at this prime Westboro investment. For more information email [email protected] or call/text 613-407-7040! 344 Tweedsmuir Ave, Ottawa Ontario K1Z 5N4 $1,298,800

Bds - Ba - m2

Investment Property In The Heart Of Westboro

Ottawa

03/04/2024

Seller information
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S1013130036

Registered user

AD ID 263342

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