For sale
House

151 Knoxdale Road

$849,900
Ottawa, Ontario, K2G 1B1

Overview

  • Updated On:
  • May 26 2024
  • MLS® Number
  • 1387634
  • 8 Bedrooms
  • 4 Bathrooms
  • Year Built:1967

Description

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:57887)

Price:
Price Info:
Property Type: Single Family
Building Type: House
Storeys: 1
Neighbourhood: Manordale
Title: Freehold
Year Built: 1967
Parking Type: Attached Garage, Surfaced
Amenities
Furnished
Cooling & Heating
Natural gas
Hot water radiator heat, Radiant heat
Wall unit
ExteriorFinish
Stone
Siding
$ 4,357.61
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,295.23
Bedroom
BedroomsAboveGround: 4
BedroomsBelowGround: 4
BedroomsTotal: 8
Bathroom
BathroomTotal: 4
Basement
BasementDevelopment: Finished
BasementType: Full (Finished)
Flooring
FlooringType: Vinyl, Ceramic
Construction
ConstructedDate: 1967
ConstructionStyleAttachment: Detached
FoundationType: Poured Concrete
ArchitecturalStyle: Bungalow
Utility
UtilityWater: Municipal water
Acreage: No
Land Amenities: Public Transit, Recreation Nearby, Shopping
Sewer: Municipal Sewage System
Size Depth: 110 Ft
Size Frontage: 65 Ft
Size Irregular: 65 Ft X 110 Ft
Size Total Text: 65 Ft X 110 Ft
Zoning Description: R1f
Lower level
Type Dimensions
Kitchen 12'11" x 9'0"
Living Room 13'3" x 11'5"
Dining Room 13'2" x 7'10"
Bedroom 12'1" x 11'8"
Bedroom 12'7" x 10'0"
Bedroom 13'3" x 8'6"
Bedroom 10'6" x 9'11"
3pc Bathroom Measurements not available
3pc Bathroom Measurements not available
Main level
Type Dimensions
Kitchen 12'2" x 9'7"
Living Room 16'1" x 13'11"
Bedroom 10'11" x 10'0"
Bedroom 11'10" x 10'7"
Bedroom 11'7" x 9'9"
Bedroom 10'0" x 8'4"
3pc Bathroom Measurements not available
3pc Bathroom Measurements not available
  • Your Favourites

     

    No Favourites Found

     

  • Search

Compare Listings