+15 more
8
Bedrooms
3
Bathrooms
2,000 sqft
Living Area
6
Parking
About This Property
This 8-bedroom, 3-bathroom single family in Ottawa offers 2,000 sqft of living area. The property has lot dimensions of 64.9 x 99.9 FT ; 0. The home features forced air, natural gas heating, central air conditioning, a finished, full basement.
MLS Remarks
This investment generates a strong total return up to 40%! Combining both positive cash flow and principal paydown. Prime Location Cash Cow Property! Rare High-Yield Investment! Ideal for Multi-Generational Living! This exceptional property combines urban convenience with residential tranquility, situated in a peaceful neighborhood at the heart of Nepean. Just steps away from Algonquin College, commercial hubs, and public transit. This turnkey property offers unparalleled configuration flexibility - perfect for student housing, multi-family residence, or hybrid live-in investment. Property offers 6 above ground bedrooms + 2 basement bedrooms with 3 Full Bathrooms and Dual-Chef Kitchen with complete duplicate cooking stations. It makes a market unicorn with immediate revenue potential. The monthly rental income for the property can reach over CAD 6,000. Additionally, part of the driveway can be rent out for use by nearby students. The interior of the house is in good condition both utilities and finishes, including hard and soft renovations, require no additional repairs, making it ready to be used as a rental property. This property also holds significant potential for future redevelopment and expansion. It could potentially be developed into a 10-unit apartment building in the future, with projected monthly cash flow reaching up to CAD 36,000 at peak performance. You are welcome to schedule an on-site viewing at any time! 24hrs irrevocable on all offers. HWT is owned. (id:60351)
Inclusions
Cooktop, Stove, 2 Fridges, Microwave, Dryer, Washer, Refrigerator, Dishwasher, Hood Fan.
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