344 Tweedsmuir Avenue Ottawa, Ontario K1Z 5N4
$1,298,800
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:36465)
Property Details
| MLS® Number | X9515279 |
| Property Type | Vacant Land |
| Neigbourhood | Westboro |
| Community Name | 5002 - Westboro South |
| Amenities Near By | Public Transit, Park |
Building
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 107 Ft |
| Size Frontage | 52 Ft |
| Size Irregular | 52 X 107 Ft ; 0 |
| Size Total Text | 52 X 107 Ft ; 0|under 1/2 Acre |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/26667764/344-tweedsmuir-avenue-ottawa-5002-westboro-south
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December 19 2024 01:40:02
Ottawa Real Estate Board
Right At Home Realty
Brent McElheran, Broker of Record Royal LePage Team Realty
McElheran & Associates
Phone: 613.725.1171 | Toll free: 1.800.307.1545 | Email: mail@brentmcelheran.com
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