344 TWEEDSMUIR AVENUE
Ottawa, Ontario K1Z5N4

$1,298,800

ID# 1377265

ABOUT THIS PROPERTY

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:25961)

PROPERTY DETAILS

Bathroom Total	2
Bedrooms Total	4
Half Bathrooms Total	1
Year Built	1904
Cooling Type	None
Flooring Type	Hardwood, Tile
Heating Type	Radiant heat
Heating Fuel	Natural gas
Stories Total	2

Recreation room	Second level	19'0" x 11'9"
Primary Bedroom	Second level	13'0" x 12'0"
Bedroom	Second level	11'0" x 9'9"
Bedroom	Second level	11'0" x 10'6"
Bedroom	Second level	12'6" x 8'6"
Full bathroom	Second level	Measurements not available
Living room	Main level	15'0" x 12'6"
Dining room	Main level	15'0" x 13'0"
Kitchen	Main level	18'0" x 11'0"
Solarium	Main level	18'0" x 10'6"
2pc Bathroom	Main level	Measurements not available
Laundry room	Main level	9'0" x 8'6"

Property Type

Single Family

Courtesy of RIGHT AT HOME REALTY

Listed on: March 25, 2024

On market: 41 days

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344 TWEEDSMUIR AVENUE Ottawa, Ontario K1Z5N4

344 TWEEDSMUIR AVENUE
Ottawa, Ontario K1Z5N4