Duplex with Development Potential. This home is built on one side of the lot, leaving plenty of room to build an addition. Whether you want to create a custom new apartment just for your family or add up six units, turning this investment into eight units, there is a lot to discuss with your architect. Let your imagination run wild. The land value alone makes this property a golden opportunity. Prime Location: Steps from Ottawa University and Downtown! Rent it out or live in it while you discuss your plans with the city. Developers, don't miss out. With favorable zoning and ample lot size, you can reap the rewards of locking in this property before someone else does, or move in and enjoy either the 5-bed (est rent of $3,700 incl 2 parking) apt or the 1-bed apt (est rent of $2,400 incl 1 parking) for months, years before cashing in. Build xtra 1 bed apts for an estimated $2,200 per mth each plus parking. Ideal airbnb with 7 beds. Income and expenses shown are 2022 except taxes are 2023. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
50.83 x 93.17 ft
Amenities Nearby
Public Transit, Shopping
Features
Balcony
Lease Type
Other, See Remarks
Listing Contract Date
2023-10-31
Municipal ID
042090019
# of Parking Spaces
3
Property Type
Multi-family
Structures
Patio(s), Porch
Transaction Type
For sale
Zoning Description
R4UD
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Constructed Date
1898
Cooling Type
Heat Pump
Exterior Finish
Brick
Flooring Type
Hardwood
Foundation Type
Stone
Heating Fuel
Oil
Heating Type
Hot water radiator heat
Stories Total
3
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Surfaced
Land
Total Size
50.87 ft X 93.2 ft
Amenities
Public Transit, Shopping
Current Use
Development residential
Sewer
Municipal sewage system
Size of Irregular Land
50.87 ft X 93.2 ft
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