+35 more
8
Bedrooms
4
Bathrooms
1,500 sqft
Living Area
4
Parking
About This Property
This 8-bedroom, 4-bathroom single family in Ottawa offers 1,500 sqft of living area. 1 storey. The property has lot dimensions of 58 x 100 FT. The home features radiant heat, natural gas heating, wall unit, a finished basement.
MLS Remarks
Exceptional income producing asset with huge future development potential! Prime 58x100 ft lot in the fast growing Baseline Corridor. Fully tenanted 2-unit dwelling (4-bed 2-full bath each unit) producing $83,373/yearly ($6947 monthly). An excellent cash flowing asset with a $57,927 Net Income. High-demand rental area. You can decide whether you want to keep it operating as a duplex or redevelop in the future. The New Zoning for the property is MS2, allowing high density development up to 20 m height. Ideally located just steps to Algonquin College, College Square, Pinecrest Recreation Centre, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses. (id:60351)
Inclusions
8 double beds, 8 desks, 8 office chairs, 2 sets of 4 bars stools (8 total), 3 futons, 1 Poang chair, 2 coffee tables, 3 Billy bookcases, window blinds, Boiler (owned), two dryers, two washers, two refrigerators, two stoves, two over the range microwaves, two dishwashers.
Overview
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