$ 899.000

151 Knoxdale Road, Ottawa

29 Photos

Living room - 151 Knoxdale Road, Ottawa, ON K2G1B1 Photo 2

Bedroom - 151 Knoxdale Road, Ottawa, ON K2G1B1 Photo 3

Bedroom - 151 Knoxdale Road, Ottawa, ON K2G1B1 Photo 4

Bedroom - 151 Knoxdale Road, Ottawa, ON K2G1B1 Photo 5

Bedroom - 151 Knoxdale Road, Ottawa, ON K2G1B1 Photo 6

3pc Bathroom - 151 Knoxdale Road, Ottawa, ON K2G1B1 Photo 7

Bedrooms: 8
Bathrooms: 4
MLS®: 1387634

Type: Residential
Added: 14 days ago

Property Details

Incredible cashflow opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.5% CAP RATE. Fully renovated and SDU added in 2020. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $6,000 monthly or $72,000 annually. Incredibly efficient boiler heating and low taxes result in expenses adding up to only ~$13,610. NET OPERATING INCOME $58,390. Monthly CASH FLOW approx. $1,000 even at current interest rates! Prove your investment acumen and show other investors that you CAN cashflow a renovated Ottawa property $1,000/month at current rates. If rates go down to 3% cashflow becomes $2,000+. With growing rental income you could cashflow over $1 million during a 30-year ownership. At only 4% value growth per year, resale could be approx. $2.92 million. Attached garage holds opportunity for additional income. Sold furnished. (id:1945)

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Property Information

Sewer: Municipal sewage system
Cooling: Wall unit
Heating: Hot water radiator heat, Radiant heat, Natural gas
List AOR: Ottawa
Stories: 1
Tax Year: 2023
Basement: Finished, Full
Flooring: Ceramic, Vinyl
Year Built: 1967
Photos Count: 29
Water Source: Municipal water
Parcel Number: 046520175
Parking Total: 3
Bedrooms Total: 8
Structure Type: House
Common Interest: Freehold
Parking Features: Attached Garage, Surfaced
Tax Annual Amount: 4083
Building Features: Furnished
Exterior Features: Stone, Siding
Foundation Details: Poured Concrete
Lot Size Dimensions: 65 ft X 110 ft
Zoning Description: R1F
Architectural Style: Bungalow

Room Dimensions

Type	Level	Dimensions
Kitchen	Main level	9'7" x 12'2"
Living room	Main level	13'11" x 16'1"
Bedroom	Main level	10'0" x 10'11"
Bedroom	Main level	10'7" x 11'10"
Bedroom	Main level	9'9" x 11'7"
Bedroom	Main level	8'4" x 10'0"
3pc Bathroom	Main level
3pc Bathroom	Main level
Kitchen	Lower level	9'0" x 12'11"
Living room	Lower level	11'5" x 13'3"
Dining room	Lower level	7'10" x 13'2"
Bedroom	Lower level	11'8" x 12'1"
Bedroom	Lower level	10'0" x 12'7"
Bedroom	Lower level	8'6" x 13'3"
Bedroom	Lower level	9'11" x 10'6"
3pc Bathroom	Lower level
3pc Bathroom	Lower level

	This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association

Nearby Places

Name	Type	Address	Distance
Manordale	It is bounded on the north and west by Knoxdale Ro...		0.5 km
Craig Henry	It is a residential subdivision that was developed...		0.6 km
Ottawa-Carleton District School Board	Like most school boards, the OCDSB is administered...		1.1 km
Ottawa-Carleton District School Board	Establishment	133 Greenbank Rd	1.1 km
Greenbank Middle School	It is located on Greenbank Road, from which it get...		1.1 km
Greenbank Middle School	School	168 Greenbank Rd	1.2 km
Sir Robert Borden High School	Architecturally, the building itself is divided in...		1.2 km
Sir Robert Borden High School	School	Ottawa	1.2 km
Baan Thai Restaurant	Restaurant	261 Centrepointe Dr	1.3 km
Confederation High School	The building is still owned by the Ottawa-Carleton...		1.5 km
Trend-Arlington	It is located west of Greenbank Road, east of High...		1.6 km
Nepean, Ontario	However, the name "Nepean" continues in common usa...		1.6 km

Similar Houses Stat in Ottawa

We have found 6 Houses that closely match the specifications of the property located at 151 Knoxdale Road with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 555,000 and 1,240,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Houses in the K2G1B1 postal code area of Ottawa Ontario Canada.

151 Knoxdale Road mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 151 Knoxdale Road. The current price of the property is $899,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $719,200. This would result in a monthly mortgage payment of $4,204 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree	30
Bachelor's degree	50
College	35
University degree at bachelor level or above	75

Neighbourhood Marital Status Stat

Married	160
Widowed	10
Divorced	10
Never married	55
Living common law	10
Married or living common law	175
Not married and not living common law	70

Neighbourhood Construction Date

1961 to 1980	40
1981 to 1990	60
1991 to 2000	10

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