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$ 699,000
Est. payment | /mo
7 Beds
5 Baths
1,100 SqFt
$ 699,000
Est. payment | /mo
7 Beds
5 Baths
1,100 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $635
Subdivision 3402 - Vanier
MLS® Listing ID X12314286
Bedrooms 7
Source Ottawa Real Estate Board
Property Description
Fantastic Investment opportunity with a STRONG CAP RATE! Legal duplex on a large 50x100 ft lot with R4UA-c zoning. Strong rental income with Gross Operating Income of $59,100/year. Unit 1: 3 bed/1 bath rented at $1,925/month (plus hydro). Unit 2: 4 bed/4 bath rented at $3,000/month (all inclusive). Endless flexibility to rent, renovate, or redevelop. Rare land assembly potential with neighbouring 250, 256, and 258 Hannah also available, combine for total lot size of 180x100 ft -- (18000 Sq.Ft. ). Own the block, collect the income, and control the future. Great upside in an evolving neighbourhood. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Window air conditioner
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by ROYAL LEPAGE TEAM REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "