+34 more
5
Bedrooms
2
Bathrooms
1,100 sqft
Living Area
4
Parking
About This Property
This 5-bedroom, 2-bathroom single family in Ottawa offers 1,100 sqft of living area. 1 storey. The property has lot dimensions of 49.9 x 99.9 FT. The home features forced air, natural gas heating, central air conditioning, a apartment in basement basement.
MLS Remarks
Freshly painted bungalow in a prime location, within walking distance to the Baseline bus stop, offering unbeatable convenience! Ideal for first-time buyers or investors, this property presents a fantastic opportunity to own a dual-income home with strong cash flow potential. Featuring two separate units: the upper unit offers 3 bedrooms, a renovated kitchen with NEW stove (2024), and a full bathroom with NEW washer/dryer (2024); the fully finished basement unit includes 2 bedrooms with egress windows (installed 2021), a modern NEW kitchen (2024), full bathroom, separate laundry, storage space, and an independent electric sub-panel (2024). Additional upgrades include a NEW hydro meter (2024) and separate entrances, including a convenient side entrance under the carport. Property includes Washer/Dryer -( duct free Unit 1) + 1 washer1 dryer (Unit 2), 2 stoves, 2 hood fans, and 1 microwave. Both units are currently rented-upstairs at $2,150/month and basement at $1,600/month (utilities extra), generating $3,750/month ($45,000 annually) in gross income. With estimated expenses including property taxes ($4,600), insurance ($1,200), maintenance ($2,400), and a 5% vacancy allowance, the property delivers an approximate net operating income of $34,550 and a cap rate of ~5.3% at the asking price of $650,000, making it a solid and stable income-generating investment. Vacant possession available with proper notice-don't miss this incredible opportunity! (id:60351)
Inclusions
Washer/Dryer -( duct free Unit 1) + 1 washer1 dryer (Unit 2), 2 stoves 2 Dryers, 1 Microwave.
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