Ottawa, ON K1K3T1 208 - 210 RENOUF AVENUE

Solid, turn-key investment or a beautifully updated home with income potential? This all-brick, purpose-built duplex is fully renovated and ready for owner occupancy (or can be re rented). The main floor unit features approx. 1100 sq. ft. of living space, 3 bedrooms (currently vacant) perfect for an owner-occupant or to lease at a strong market rent of $2500/mth (including heat and parking). The lower-level unit is a bright 2 bedroom unit with approx. 1000 sq. ft., currently rented at $2000/mth with a lease in place until March 2026 (tenants wish to stay). Both units offer private entrances, separate driveways, their own laundry, and private backyard spaces. Gorgeous renovations throughout include hardwood flooring, imported bathroom tile, gourmet kitchens with custom cabinetry and stainless-steel appliances. Each unit also features full-sized washers/dryers and individual storage areas. upgrades include -roof, windows, plumbing, flooring, dual-zone heating/cooling, and high efficiency furnace. Great income at $4500/month (using market rent for the main floor). Expenses $845/month (based on recent numbers), Net monthly income $3655/month enough to service approx. $700,000 in mortgage at 4% over 25 years. With 20% down, this is a true money-maker. An exceptional opportunity for investors or first-time buyers looking to offset mortgage costs. Don't miss out on this rare offering of a quality duplex with style, function, and income potential! note: tenants pay their own hydro and look after landscaping and snow removal. (id:7434)