800-818 STAR PRIVATE$17,400,000

The Property is an excellent opportunity to acquire a high NOI luxury residential townhouse complex in Kanata with a potential NOI of $678,062. As a bonus, the project is in the final stage of approval for subdivision into 23 freehold units, with a private laneway to be held as a common-element condominium. This gives the future owner the ability to sell units individually or set up rent-to-own structures with tenants. Homes are targeted at premium tenants in this Ottawa prime suburban neighbourhood. The complex is low maintenance, as operation costs are limited to taxes, insurance, snow removal and landscaping. Tenants pay all utilities, including water. Located in proximity to high-tech employers, this property is also 1 block away from a major shopping centre at the intersection of Hazeldean and Eagleson Roads, with easy access to the 417 and transit - within 2km of the future Eagleson LRT Station. (id:46641)