214 HANNAH STREET STREET
Ottawa, Ontario K1L7M7

$795,000

ID# 1421204
Renovated Legal Duplex – Take advantage of a unique legal duplex opportunity before the spring market heats up! Whether you’re an investor or looking for a home with rental income, this property combines modern renovations, strong financials & redevelopment potential. Property Features: 2 Units: Unit 1: Lower Unit Bright 2-bedroom unit rented at $1,790/month to long-term tenants. Separate Garage: Perfect for storage or additional rental income. Unit 2 (Vacant): Upper Unit Renovated 3-bedroom unit with modern finishes, ready to rent at a projected $2,300/month, or ideal for owner-occupancy. Separately metered, tenants pay all utilities. Zoning: R4 – excellent potential for redevelopment or future expansion. Why This Property is a Smart Buy: • Investors: Net Income: $42,770/year. ROI: Solid 5.5% at the current list price. Homeowners: Move into the vacant unit and let rental income help with your mortgage! Financial Snapshot: Annual Property Taxes (2024): $4,678. Annual Insurance: $1,632 (id:25961)

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Courtesy of EXP REALTY

Listed on: November 22, 2024

On market: 1 days
Year Built 1960
Cooling Type None
Flooring Type Hardwood, Laminate
Heating Type Baseboard heaters, Hot water radiator heat
Heating Fuel Natural gas
Stories Total 2
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LizWardhaugh

Sales Representative

Direct: 613.884.6652

lizwardhaugh@royallepage.ca

Anita deVries Bonneau

Sales Representative BA. LL.B.

Direct: 613-299-1547

anitadbonneau@royallepage.ca

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