391 GREENWOOD AVENUE, Ottawa
Prime Westboro Income Opportunity! A rare chance to acquire a well-maintained, fully updated, all-brick legal duplex with a permitted basement secondary dwelling unit, ideally situated on a 49.02' x 66.0' lot in one of Ottawa's most desirable urban neighbourhoods.The property features two spacious two-bedroom units plus one one-bedroom lower unit, with the basement secondary dwelling unit added in 2024. Two driveways provide ample parking, each unit is separately hydro-metered, and all units are equipped with air conditioning.The property generates approximately $80,400 in annual gross rental income. Based on seller-provided operating expenses,the estimated Net Operating Income is approximately $60,775.63 per year, representing an estimated 5.07% cap rate. With refreshed interiors, strong in-place income, and a premium Westboro location, this is an attractive long-term investment opportunity for buyers seeking both immediate cash flow and future upside.The property may also offer additional intensification potential, including the possibility of another secondary dwelling unit or coach house/garden-suite-style development, subject to applicable zoning, planning, building code requirements, and municipal approvals. Buyer to independently verify all permitted uses and development potential. (id:25961)
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Details
- Equipment: Water Heater
- Features: Carpet Free, Sump Pump
- Parking Spaces: 6
- Rental Equipment: Water Heater
- Transaction: For sale
Building
- Amenities: Separate Electricity Meters
- Appliances: Water Heater
- BasementType: N/A
- Basement Features: Separate entrance
- Bedrooms Main Level: 5
- Cooling: Central air conditioning
- Exterior Finish: Brick
- Fireplace Present: False
- Foundation: Block
- Bathrooms (Total): 3
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 1500 - 2000 sqft
- Stories Total: 2
- Type: Triplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 66 ft
- Size Frontage: 49 ft
- Size Irregular: 49 x 66 FT
This property for sale is located at 391 GREENWOOD AVENUE in Ottawa. It was last modified on September 21st 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa homes for sale.
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