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344 Tweedmuir 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:25309)

Property Details

MLS® Number 1371557
Property Type Multi-family
Neigbourhood Westboro
Parking Space Total 1

Building

Constructed Date 1904
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Other
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 107 Ft
Size Frontage 52 Ft
Size Irregular 52 Ft X 107 Ft
Size Total Text 52 Ft X 107 Ft
Zoning Description R4ub

https://www.realtor.ca/real-estate/26365361/344-tweedmuir-avenue-ottawa-westboro

Right At Home Realty
14 Chamberlain Ave Suite 101
Ottawa, Ontario K1S 1V9

(613) 369-5199
(416) 391-0013
www.rightathomerealty.com

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