| Property TypeVacant Land | Lot Size0.12 acres |
|
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:16400) |
| Amenities NearbyPublic Transit, Recreation Nearby, Shopping | TransactionFor sale |
| Zoning DescriptionResidential |
| Basement DevelopmentNot Applicable | BasementUnknown (Not Applicable) |
| Utility WaterMunicipal water |
| Size Total0.12 ac | Size Frontage52 ft |
| AmenitiesPublic Transit, Recreation Nearby, Shopping | SewerMunicipal sewage system |
| Size Depth107 ft | Size Irregular0.12 |
Listing Office: RIGHT AT HOME REALTY
Data Provided by Ottawa Real Estate Board
Last Modified :24/04/2024 12:55:23 PM
Powered by SoldPress.