




This 5-bedroom, 3-bathroom single family in Ottawa is available for your consideration. 2 storeys. The property has lot dimensions of 168.9 x 142.2 FT. The home features forced air, propane heating, central air conditioning, a unfinished, partial basement.
Great Investment Opportunity! Large lot , .56 acres with plenty of Parking and no rear neighbours. Large detached garage/shed on the property with 60 amp service, potential for storage income. Updates include, but are not limited to: Furnace 2019, Drywall Fire Separations, Electrical, Air conditioning 2022, kitchen cabinets Unit # 1, 2019, new flat roofs, 2023, Septic cleaned and water tested regularly. The property has had 3 Apt. units for over 25-30 years. The buyer will need to conduct their own due diligence with the city regarding the property, as a legal non-conforming Triplex, at their own expense. Rental Income Apt. 1,2 bedroom $1500 per month, Apt. 2 1 bedroom, $1400, Apt. 3, 2 Bedroom, $ 1600/mos. Property generates a total of $ 4500/mth. 2 of 3 leases are now m-t-m with the latest tenant on a 1-year lease. Summary of expenses available upon request. Above-grade square footage is an estimate. Enjoy the amenities & lifestyle offerings of lovely Manotick, walking distance to St Mark's High School & George Nelms Sports Park, a short commute to downtown and close to the 416. Don't miss this opportunity! Property and appliances are being sold " as is, where is " condition. SHOWINGS REQUESTS: 48 hours notice for Showings as the property is tenant-occupied. ** This is a linked property.** (id:60351)
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Situated at 5535 Mitch Owens in Ottawa, Ontario, this single-family home offers an excellent investment opportunity with its expansive .56-acre lot and potential for additional income through the large detached garage/shed equipped with 60-amp service. The property currently houses three legal apartment units, generating a monthly rental income of $4,500 from tenants occupying two-month-to-month units and one on a year-long lease. Updates include recent installations such as a new furnace in 2019, air conditioning in 2022, updated kitchen cabinets, and flat roofs in 2023. Located within walking distance to St Mark's High School and George Nelms Sports Park, the property enjoys proximity to downtown Ottawa and easy access to Highway 416. Prospective buyers should conduct their own due diligence with the city regarding the legal status of the triplex as a non-conforming use.
3 Refrigerators, 3 stoves, 1 dishwasher, 3 washers, 3 Dryers
Listed by George Valsamis, ROYAL LEPAGE TEAM REALTY
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Listing represented by George Valsamis, ROYAL LEPAGE TEAM REALTY · MLS# X13107692
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.