Attention Developers, Investors and First-time Buyers!! OPPORTUNITY FOR QUICK 46% ROI - ASK FOR DETAILS. Duplex with ADDITIONAL 3rd unit on massive 66 x 95 ft lot. 2 lots for the price of 1!! Take advantage of the new federal government (GST) rebate on new qualifying rental. Just a short 10-minute drive to downtown Ottawa. Property zoned R4UA which offers plenty of development options. Draft concept for 8 unit development options available for review. All 3 units consist of 2 bedrooms and 1 bathroom. Unit 3 features balcony while unit 2 offers walk-out deck in rear. Parking for all 3 units. Rents are significantly below market value. Unit 1 currently left vacant, Unit 2 $1,295 + hydro, and Unit 3 $836 + hydro. On turnover, with a quick refresh, rents can be increased substantially. (id:47423)
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Detailed Information
Lot
66 x 95 ft
Amenities Nearby
Public Transit, Recreation Nearby, Shopping
Features
Cul-de-sac
Lease Type
Gross
Listing Contract Date
2024-03-21
Municipal ID
042320060
# of Parking Spaces
3
Property Type
Multi-family
Road
No thru road
Transaction Type
For sale
Zoning Description
R4UA
Building
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1950
Cooling Type
None
Exterior Finish
Stone, Siding
Flooring Type
Hardwood, Laminate
Heating Fuel
Natural gas
Heating Type
Hot water radiator heat, Radiant heat
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Open
Surfaced
Utilities
Type
Description
Fully serviced
Available
Land
Total Size
0.14 acres
Amenities
Public Transit, Recreation Nearby, Shopping
Current Use
Development residential
Landscape Features
Landscaped
Sewer
Municipal sewage system
Size of Irregular Land
0.14
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