Ottawa, ON K1Z5N4 344 TWEEDSMUIR AVENUE
$1,298,800
22 more
Presented By: RIGHT AT HOME REALTY
Home Details
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:7434)
Presented By: RIGHT AT HOME REALTY
Interior Features for 344 TWEEDSMUIR AVENUE
Other Interior Features
Basement DevelopmentNot Applicable
Basement TypeUnknown (Not Applicable)
Building Fireplace PresentFalse
General for 344 TWEEDSMUIR AVENUE
AmenitiesPublic Transit, Recreation Nearby, Shopping
NeighbourhoodWestboro
Property TypeVacant Land
Zoning DescriptionResidential
Exterior for 344 TWEEDSMUIR AVENUE
Land Amenities Public Transit, Recreation Nearby, Shopping
SewerMunicipal sewage system
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty