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344 TWEEDSMUIR AVENUE
Ottawa, Ontario K1Z5N4

$1,298,800

ID# 1377265

ABOUT THIS PROPERTY

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 (id:25961)

PROPERTY DETAILS

Bathroom Total 2
Bedrooms Total 4
Half Bathrooms Total 1
Year Built 1904
Cooling Type None
Flooring Type Hardwood, Tile
Heating Type Radiant heat
Heating Fuel Natural gas
Stories Total 2
Recreation roomSecond level19'0" x 11'9"
Primary BedroomSecond level13'0" x 12'0"
BedroomSecond level11'0" x 9'9"
BedroomSecond level11'0" x 10'6"
BedroomSecond level12'6" x 8'6"
Full bathroomSecond levelMeasurements not available
Living roomMain level15'0" x 12'6"
Dining roomMain level15'0" x 13'0"
KitchenMain level18'0" x 11'0"
SolariumMain level18'0" x 10'6"
2pc BathroomMain levelMeasurements not available
Laundry roomMain level9'0" x 8'6"

Property Type

Single Family
Courtesy of RIGHT AT HOME REALTY

Listed on: March 25, 2024

On market: 243 days

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