$1,298,800
FOR SALE

Land

Lot: 52 x 107 ft

344 Tweedsmuir Avenue
Ottawa, ON K1Z 5N4 | Westboro

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:47421)
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Listed By RIGHT AT HOME REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number 1377263
Last Updated Apr 24, 2024
Property Summary
Property Type Land

More like this:
Neighbourhood Westboro
Price History

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Detailed Information
Lot 52 x 107 ft
Amenities Nearby Public Transit, Recreation Nearby, Shopping
Listing Contract Date 2024-03-25
Municipal ID 040200052
Property Type Vacant Land
Transaction Type For sale
Zoning Description Residential
Building
Basement Development Not Applicable
Basement Type Unknown (Not Applicable)
Utility Water Municipal water
Utilities
Type Description
Fully servicedAvailable
Land
Total Size 0.12 acres
Amenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal sewage system
Size of Irregular Land 0.12

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