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344 TWEEDSMUIR AVENUE, Ottawa, Ontario, K1Z5N4
Bathrooms2 Bedrooms4
Property TypeSingle Family Built in1904

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:16702)

GarageYes CarportNo
Attached GarageYes Open ParkingNo
Parking Total3 WaterfrontNo
Frontage Length52 ft ViewNo
Bathrooms(Half)1 FlooringHardwood,Tile
Cooling TypeNone CoolingYes
HeatingRadiant heat Heating FuelNatural gas
Levels2 PoolNo
SewerMunicipal sewage system Stories2
Level Type Dimensions
Second levelRecreation room19'0" x 11'9"
Second levelPrimary Bedroom13'0" x 12'0"
Second levelBedroom11'0" x 9'9"
Second levelBedroom11'0" x 10'6"
Second levelBedroom12'6" x 8'6"
Second levelFull bathroomMeasurements not available
Main levelLiving room15'0" x 12'6"
Main levelDining room15'0" x 13'0"
Main levelKitchen18'0" x 11'0"
Main levelSolarium18'0" x 10'6"
Main level2pc BathroomMeasurements not available
Main levelLaundry room9'0" x 8'6"


Data Provided by Ottawa Real Estate Board

Last Modified :29/12/2023 11:11:38 AM

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