344 TWEEDMUIR AVENUE$1,298,800

#1371557

N/A bed

N/A bath

About the 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 net 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 today to secure your chance at this prime Westboro investment. (id:46641)

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Listing Agent

Henga Nayeri

Salesperson

(613) 407-7040

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Property Details

City: Ottawa

Neighbourhood: Westboro

Build Year: 1904

Property

Property Type

Multi-family

Ownership Type

Freehold

Land Depth

107 ft

Building

Storeys

3

Exterior Finish

Brick

Foundation Type

Poured Concrete

Parking Space Total

1

Measurements

Additional Info

Listing Contract Date

2023-12-19

Zoning Description

R4UB

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