Size
-
Lot size
5564 sqft
Street frontage
-
Possession
TBD
Price per sqft
-
Taxes
$8,156 (2024)
Parking Type
-
Style
2-Storey
See what's nearby
Description
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, Flooring: Hardwood
Broker: RIGHT AT HOME REALTY
MLS®#: X11918669
Property details
Parking:
3
Parking type:
-
Property type:
Detached
Heating type:
Radiant
Style:
2-Storey
MLS Size:
-
Lot front:
52 Ft
Lot depth:
107 Ft
Listed on:
Jan 11, 2025
Show all details
Rooms
| Level | Name | Size | Features |
|---|---|---|---|
Main | Solarium | 18.0 x 10.5 ft | |
Main | Laundry | 9.0 x 8.5 ft | |
Main | Dining Room | 15.0 x 13.0 ft |
Instant estimate:
orto view instant estimate
$50,444
lower than listed pricei
High
$1,258,274
Mid
$1,198,356
Low
$1,138,439
1/17
$1,190,000
77 days
Studio
3BA
3 Parking
2,000-2,500 sqft
MLS#: X11966135
ENGEL & VOLKERS OTTAWA
