344 TWEEDSMUIR AVENUE$1,298,800

#1368681

4 bed

2 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 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: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

Single Family

Ownership Type

Freehold

Land Depth

107 ft

Building

Bedrooms Above Grade

4

Bathrooms

2

Basement Development

Unfinished

Basement Type

Full (Unfinished)

Storeys

2

Building Style

House

Exterior Finish

Stone, Brick

Heating Type

Radiant heat

Cooling Type

None

Appliances Included

Refrigerator, Dryer, Hood Fan, Stove, Washer

Foundation Type

Poured Concrete

Parking Space Total

3

Measurements

Main level

Dining room

15'0" x 13'0"

Living room

15'0" x 12'6"

Solarium

18'0" x 10'6"

2pc Bathroom

Measurements not available

Kitchen

18'0" x 11'0"

Laundry room

9'0" x 8'6"

Second level

Primary Bedroom

13'0" x 12'0"

Bedroom

12'6" x 8'6"

Full bathroom

Measurements not available

Bedroom

11'0" x 10'6"

Recreation room

19'0" x 11'9"

Bedroom

11'0" x 9'9"

Additional Info

Listing Contract Date

2023-12-19

Zoning Description

Residential

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