344 Tweedsmuir Avenue Ottawa, Ontario K1Z 5N4
$1,298,800
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 net 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 today to secure your chance at this prime Westboro investment. (id:50886)
Property Details
| MLS® Number | 1377263 |
| Property Type | Vacant Land |
| Neigbourhood | Westboro |
| AmenitiesNearBy | Public Transit, Recreation Nearby, Shopping |
Building
| BasementDevelopment | Not Applicable |
| BasementType | Unknown (not Applicable) |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 107 Ft |
| SizeFrontage | 52 Ft |
| SizeIrregular | 0.12 |
| SizeTotal | 0.12 Ac |
| SizeTotalText | 0.12 Ac |
| ZoningDescription | Residential |
Utilities
| Fully serviced | Available |
https://www.realtor.ca/real-estate/26667764/344-tweedsmuir-avenue-ottawa-westboro
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Henga Nayeri
Salesperson
14 Chamberlain Ave Suite 101
Ottawa, Ontario K1S 1V9
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April 24 2024 04:55:23
Ottawa Real Estate Board
Right At Home Realty