Listing Details
Return to Search Result344 TWEEDSMUIR AVENUE - MLS® # 1377265
Property Details
Description
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:2469)
Amenities
Public Transit, Recreation Nearby, Shopping
Listing Provided By
RIGHT AT HOME REALTY
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- GRINDSTONE REALTY INC.
- 613-695-5888
- 613-695-5888
- 613-695-8088
- Info@GrindstoneRealty.ca
- Grindstone Realty Inc.
- 250B Greenbank Rd. - Suite 235
- Ottawa, ON
- K2H 8X4
