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2300 ELMIRA DRIVE
Ottawa, Ontario K2C1H4

$999,000

ID# 1402831

ABOUT THIS PROPERTY

Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.3% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $77160, and low expenses of $14535 (utilities, insurance, prop tax and snow removal) for an NOI of $62625, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city. (id:25961)

PROPERTY DETAILS

Year Built 1961
Cooling Type Central air conditioning
Flooring Type Vinyl
Heating Type Forced air
Heating Fuel Natural gas
Stories Total 1

Property Type

Multi-family
Courtesy of RE/MAX HALLMARK REALTY GROUP
Listed on: July 16, 2024

On market: 53 days

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