For sale
House

344 Tweedsmuir Avenue

$1,298,800
Ottawa, Ontario, K1Z 5N4

Overview

  • Updated On:
  • April 24 2024
  • MLS® Number
  • 1377265
  • 4 Bedrooms
  • 2 Bathrooms
  • Year Built:1904

Description

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 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 now to secure this prime Westboro investment. Some pics virtually staged (id:57887)

Price:
Price Info:
Property Type: Single Family
Building Type: House
Storeys: 2
Neighbourhood: Westboro
Title: Freehold
Year Built: 1904
Parking Type: Attached Garage, Surfaced
Appliances
Refrigerator
Dryer
Hood Fan
Stove
Washer
Cooling & Heating
Natural gas
Radiant heat
None
ExteriorFinish
Stone
Brick
$ 6,659.20
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 5,035.70
Bedroom
BedroomsAboveGround: 4
BedroomsTotal: 4
Bathroom
BathroomTotal: 2
HalfBathTotal: 1
Basement
BasementDevelopment: Unfinished
BasementType: Full (Unfinished)
Flooring
FlooringType: Hardwood, Tile
Construction
ConstructedDate: 1904
ConstructionStyleAttachment: Detached
FoundationType: Poured Concrete
Utility
UtilityWater: Municipal water
Acreage: No
Land Amenities: Public Transit, Recreation Nearby, Shopping
Sewer: Municipal Sewage System
Size Depth: 107 Ft
Size Frontage: 52 Ft
Size Irregular: 52 Ft X 107 Ft
Size Total Text: 52 Ft X 107 Ft
Zoning Description: Residential
Second level
Type Dimensions
Recreation Room 19'0" x 11'9"
Primary Bedroom 13'0" x 12'0"
Bedroom 11'0" x 9'9"
Bedroom 11'0" x 10'6"
Bedroom 12'6" x 8'6"
Full Bathroom Measurements not available
Main level
Type Dimensions
Living Room 15'0" x 12'6"
Dining Room 15'0" x 13'0"
Kitchen 18'0" x 11'0"
Solarium 18'0" x 10'6"
2pc Bathroom Measurements not available
Laundry Room 9'0" x 8'6"
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