344 TWEEDSMUIR AVENUE Active Save Request In-Person Tour Request Virtual Tour
Ottawa,ON K1Z5N4
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Westboro
MLS Listing ID 1377265
Bedrooms 4
Half Baths 1
Originating Board Ottawa Real Estate Board
Year Built 1904
Property Description
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:24570)
Location
State ON
Rooms
Extra Room 1 Second level 19'0\" x 11'9\" Recreation room
Extra Room 2 Second level 13'0\" x 12'0\" Primary Bedroom
Extra Room 3 Second level 11'0\" x 9'9\" Bedroom
Extra Room 4 Second level 11'0\" x 10'6\" Bedroom
Extra Room 5 Second level 12'6\" x 8'6\" Bedroom
Extra Room 6 Second level Measurements not available Full bathroom
Interior
Heating Radiant heat
Cooling None
Flooring Hardwood,Tile
Exterior
Garage Yes
Waterfront No
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold