344 Tweedsmuir Avenue, Ottawa
344 Tweedsmuir Avenue, Ottawa
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27 Photos
- Bedrooms: 4
- Bathrooms: 2
- MLS®: 1377263
- Type: Lots and Land
- Added: 38 days ago
Property 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:1945)
Property Information
- Sewer: Municipal sewage system
- List AOR: Ottawa
- Tax Year: 2023
- Basement: Not Applicable, Unknown
- Utilities: Fully serviced
- Photos Count: 27
- Water Source: Municipal water
- Lot Size Units: acres
- Parcel Number: 040200052
- Tax Annual Amount: 7834
- Lot Size Dimensions: 0.12
- Zoning Description: Residential
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