Active
344 TWEEDSMUIR AVENUE
Ottawa Ontario, K1Z5N4
$1,298,800
Active
4 Beds
2 Baths
Residential
Built in 1904
Courtesy of RIGHT AT HOME REALTY
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:41202)
1377265
MLSⓇ ID
March 25, 2024
Listed
May 9, 2024
Updated
Map
344 TWEEDSMUIR AVENUE
Ottawa Ontario, K1Z5N4
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
2
Floor Description
Hardwood, Tile
Fireplace
No
Cooling
Yes
Cooling Description
None
Heating
Yes
Heating Description
Radiant heat, Natural gas
Exterior/Building Features
Sewer
Municipal sewage system
Other Property Details
Garage
Yes
Parking Total
3
View
No
Pool
No
Courtesy of RIGHT AT HOME REALTY, Henga Nayeri,
Listing Contact: (613) 407-7040
The trademarks MLS®, REALTOR®, and the associated logos are owned or controlled by The Canadian Real Estate Association. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association
©2024 Canadian Real Estate Association. All rights reserved.