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344 Tweedsmuir Avenue Ottawa, Ontario K1Z 5N4

4 Bedroom 2 Bathroom
Radiant Heat

$1,298,800

Flooring: Tile, 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 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 now to secure this prime Westboro investment. Some pics virtually staged, Flooring: Hardwood (id:49072)

Property Details

MLS® Number X9517086
Property Type Single Family
Neigbourhood Westboro
Community Name 5002 - Westboro South
AmenitiesNearBy Public Transit, Park
ParkingSpaceTotal 3

Building

BathroomTotal 2
BedroomsAboveGround 4
BedroomsTotal 4
Appliances Dryer, Hood Fan, Refrigerator, Stove, Washer
BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructionStyleAttachment Detached
ExteriorFinish Brick, Stone
FoundationType Concrete
HeatingFuel Natural Gas
HeatingType Radiant Heat
StoriesTotal 2
Type House
UtilityWater Municipal Water

Parking

Attached Garage

Land

Acreage No
LandAmenities Public Transit, Park
Sewer Sanitary Sewer
SizeDepth 107 Ft
SizeFrontage 52 Ft
SizeIrregular 52 X 107 Ft ; 0
SizeTotalText 52 X 107 Ft ; 0
ZoningDescription Residential

Rooms

Level Type Dimensions
Second Level Bedroom 3.35 m x 3.2 m
Second Level Bedroom 3.81 m x 2.59 m
Second Level Bathroom Measurements not available
Second Level Recreational, Games Room 5.79 m x 3.58 m
Second Level Primary Bedroom 3.96 m x 3.65 m
Second Level Bedroom 3.35 m x 2.97 m
Main Level Living Room 4.57 m x 3.81 m
Main Level Dining Room 4.57 m x 3.96 m
Main Level Kitchen 5.48 m x 3.35 m
Main Level Solarium 5.48 m x 3.2 m
Main Level Bathroom Measurements not available
Main Level Laundry Room 2.74 m x 2.59 m

https://www.realtor.ca/real-estate/26667763/344-tweedsmuir-avenue-ottawa-5002-westboro-south

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