344 TWEEDSMUIR AVENUE, Ottawa, Ontario

$1,298,800

4 Beds
2 Baths

Flooring: Tile, 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, Flooring: Hardwood (id:56241)

Listing ID: X9517086
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Bedroom	Second level	3.35 m x 3.2 m
Bedroom	Second level	3.81 m x 2.59 m
Bathroom	Second level	Measurements not available
Recreational, Games room	Second level	5.79 m x 3.58 m
Primary Bedroom	Second level	3.96 m x 3.65 m
Bedroom	Second level	3.35 m x 2.97 m
Living room	Main level	4.57 m x 3.81 m
Dining room	Main level	4.57 m x 3.96 m
Kitchen	Main level	5.48 m x 3.35 m
Solarium	Main level	5.48 m x 3.2 m
Bathroom	Main level	Measurements not available
Laundry room	Main level	2.74 m x 2.59 m

Details

Amenities Nearby: Public Transit, Park
Ownership: Freehold
Parking Spaces: 3
Transaction: For sale
Zoning Description: Residential

Building

Appliances: Dryer, Hood Fan, Refrigerator, Stove, Washer
BasementType: Full (Unfinished)
Basement Development: Unfinished
Bedrooms Main Level: 4
Construction Style Attachment: Detached
Exterior Finish: Brick, Stone
Fireplace Present: False
Foundation: Concrete
Bathrooms (Total): 2
Heating: Radiant heat
Heating Fuel: Natural gas
Stories Total: 2
Type: House
Utility Water: Municipal water

Land

Amenities: Public Transit, Park
Sewer: Sanitary sewer
Size Frontage: 52 ft
Size Irregular: 52 x 107 FT ; 0

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 344 TWEEDSMUIR AVENUE in Ottawa Ontario. It was last modified on March 26th, 2024. Contact us to schedule a viewing or to discover other Ottawa homes for sale.

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