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Team Realty

1348 THAMES STREET

Ottawa, Ontario K1Z7N4

$549,900

ID# 1322571
Welcome to 1348 Thames Street in the great City of Ottawa. This post-war bungalow is perfectly located right where Westboro meets Carlington. An intelligent kitchen/dining addition adds valuable square footage. With R2 zoning this home’s 50x130-ft lot is coveted by the best boutique builders in the region. Buy to build yourself, or purchase to live or invest and then sell to a developer later as scarcity of infill opportunities drastically increases the value. Multiple other 50-ft lots, many with shorter depths, have been split and developed as semi-detached homes. The combined value of two new semi’s is estimated around $2M. If you have a strong mind for investment, why not build 4 units? Semi-detached homes with secondary dwelling units could total ~$10,000/month in rent and be worth up to $2.4M. Keep both for a $120,000 per year retirement or sell one to pay for the other. Also listed as a development lot under MLS # 1322575. (id:25961)
Courtesy of KELLER WILLIAMS INTEGRITY REALTY

Listed on: November 21, 2022

On market: 16 days
Bathroom Total 1
Bedrooms Total 2
Half Bathrooms Total 0
Year Built 1950
Cooling Type Central air conditioning
Flooring Type Mixed Flooring, Hardwood, Tile
Heating Type Forced air
Heating Fuel Natural gas
Stories Total 1
Living roomMain level16'02" x 13'11"
Dining roomMain level13'07" x 11'04"
KitchenMain level15'11" x 8'02"
3pc BathroomMain level7'02" x 6'02"
Primary BedroomMain level13'09" x 10'09"
BedroomMain level9'07" x 9'04"
FoyerMain level15'04" x 3'08"