Excellent Income producing Investment property features 3 large attached 4-bedroom Townhomes & 10 outdoor parking spots - Great Development Potential - Zoned TM [2214] with multi-use zoning opportunities - Gross Income of approx. $120,072 - Great possibility of building expansion as townhomes are situated very close to the frontage line which could potentially increase income and potentially pay down mortgage very quickly with right expansion project - All 3 townhomes include good tenants, 4-Bedrooms & 2 Full bathrooms and have undergone extensive renovations. Each Townhome has it's own furnace, laundry, hydro meter & water meter resulting in tenants paying for all utilities resulting in a very strong Net Income of approx. $97,900 not including Mortgage costs. Located in one of the Main Corridors to the exciting Future Development of LeBreton Flats - walking distance to LRT Stations & minutes to Downtown/both Main Universities & many of the National Capitals major tourists attractions. (id:47421)
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Detailed Information
Lot
66 x 99 ft
Amenities Nearby
Public Transit, Recreation Nearby, Shopping
Lease Type
Other, See Remarks
Listing Contract Date
2024-10-07
Municipal ID
041110172
# of Parking Spaces
10
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
TM [2214]
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Constructed Date
1930
Construction Style (Attachment)
Attached
Cooling Type
Unknown
Exterior Finish
Brick, Siding, Stucco
Flooring Type
Hardwood, Tile, Other
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Open
Land
Total Size
66.01 ft X 99 ft
Amenities
Public Transit, Recreation Nearby, Shopping
Sewer
Municipal sewage system
Size of Irregular Land
66.01 ft X 99 ft
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