Active

344 TWEEDSMUIR AVENUE

Ottawa Ontario, K1Z5N4

$1,298,800


$248.47 per sqft

Active

0.12 Acres

Land

 Courtesy of RIGHT AT HOME REALTY 

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:41202)

1377263

MLS ID

March 25, 2024

Listed

May 9, 2024

Updated

Map

344 TWEEDSMUIR AVENUE
Ottawa Ontario, K1Z5N4

Exterior/Building Features

Lot Size

0.12 Acres


Sewer

Municipal sewage system

Other Property Details

Garage

No


View

No


Pool

No

Courtesy of RIGHT AT HOME REALTY, Henga Nayeri,
Listing Contact: (613) 407-7040 

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