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613-761-0123

344 TWEEDSMUIR AVENUE
Ottawa, Ontario K1Z5N4

$1,298,800

ID# X9515279
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 net 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 today to secure your chance at this prime Westboro investment. (id:25961)
Courtesy of RIGHT AT HOME REALTY

Listed on: March 25, 2024

On market: 248 days
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Address Price Bed Bath SqFt Area Sub Area Brokerage
1304 AVENUE P AVENUE Ottawa
1304 AVENUE P AVENUE
 $814,900 3 3 79.99 FT ; 1 Ottawa EXP REALTY
470 TRIDENT MEWS Ottawa
470 TRIDENT MEWS
 $710,000 3 3 25.42 x 98.31 FT ; 0 Ottawa INNOVATION REALTY LTD.
1564 SCOTTANNE STREET Ottawa
1564 SCOTTANNE STREET
 $1,099,000 5 3 104.69 x 200.19 FT ; 0 Ottawa ROYAL LEPAGE TEAM REALTY
344 TUCANA WAY Ottawa
344 TUCANA WAY
 $899,900 4 3 40.03 x 108.27 FT ; 0 Ottawa COLDWELL BANKER SARAZEN REALTY
1313 - 255 BAY STREET Ottawa
1313 - 255 BAY STREET
 $3,100 2 2 Ottawa SLEEPWELL REALTY GROUP LTD
51 - 5450 CANOTEK ROAD Ottawa
51 - 5450 CANOTEK ROAD
 $449,900 - - 0 Ottawa SOLID ROCK REALTY
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