344 TWEEDSMUIR AVENUE
Ottawa, Ontario K1Z5N4

$1,298,800

ID# X9517086
Flooring: Tile, 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, Flooring: Hardwood (id:25961)

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Courtesy of RIGHT AT HOME REALTY

Listed on: March 25, 2024

On market: 248 days
Bathroom Total 2
Bedrooms Total 4
Heating Type Radiant heat
Heating Fuel Natural gas
Stories Total 2
BedroomSecond level3.35 m x 3.2 m
BedroomSecond level3.81 m x 2.59 m
BathroomSecond levelMeasurements not available
Recreational, Games roomSecond level5.79 m x 3.58 m
Primary BedroomSecond level3.96 m x 3.65 m
BedroomSecond level3.35 m x 2.97 m
Living roomMain level4.57 m x 3.81 m
Dining roomMain level4.57 m x 3.96 m
KitchenMain level5.48 m x 3.35 m
SolariumMain level5.48 m x 3.2 m
BathroomMain levelMeasurements not available
Laundry roomMain level2.74 m x 2.59 m
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LizWardhaugh

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lizwardhaugh@royallepage.ca

Anita deVries Bonneau

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Direct: 613-299-1547

anitadbonneau@royallepage.ca

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