| Bathrooms4 | Bedrooms8 |
| Property TypeSingle Family | Built in1967 |
|
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:16400) |
| Amenities NearbyPublic Transit, Recreation Nearby, Shopping | OwnershipFreehold |
| Parking Spaces3 | TransactionFor sale |
| Zoning DescriptionR1F |
| Bedrooms Main level4 | Bedrooms Lower level4 |
| AmenitiesFurnished | Architectural StyleBungalow |
| Basement DevelopmentFinished | BasementFull (Finished) |
| Constructed Date1967 | Construction Style AttachmentDetached |
| CoolingWall unit | Exterior FinishStone, Siding |
| FlooringVinyl, Ceramic | FoundationPoured Concrete |
| Bathrooms (Half)0 | Bathrooms (Total)4 |
| Heating FuelNatural gas | HeatingHot water radiator heat, Radiant heat |
| Storeys Total1 | TypeHouse |
| Utility WaterMunicipal water |
| Size Frontage65 ft | AmenitiesPublic Transit, Recreation Nearby, Shopping |
| SewerMunicipal sewage system | Size Depth110 ft |
| Size Irregular65 ft X 110 ft |
| Level | Type | Dimensions |
|---|---|---|
| Lower level | Kitchen | 12'11" x 9'0" |
| Lower level | Living room | 13'3" x 11'5" |
| Lower level | Dining room | 13'2" x 7'10" |
| Lower level | Bedroom | 12'1" x 11'8" |
| Lower level | Bedroom | 12'7" x 10'0" |
| Lower level | Bedroom | 13'3" x 8'6" |
| Lower level | Bedroom | 10'6" x 9'11" |
| Lower level | 3pc Bathroom | Measurements not available |
| Lower level | 3pc Bathroom | Measurements not available |
| Main level | Kitchen | 12'2" x 9'7" |
| Main level | Living room | 16'1" x 13'11" |
| Main level | Bedroom | 10'11" x 10'0" |
| Main level | Bedroom | 11'10" x 10'7" |
| Main level | Bedroom | 11'7" x 9'9" |
| Main level | Bedroom | 10'0" x 8'4" |
| Main level | 3pc Bathroom | Measurements not available |
| Main level | 3pc Bathroom | Measurements not available |
Listing Office: KELLER WILLIAMS INTEGRITY REALTY
Data Provided by Ottawa Real Estate Board
Last Modified :06/05/2024 06:11:38 PM
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