344 TWEEDSMUIR Ave, Ottawa, Ontario K1Z 5N4
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Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.$1,137,000*
Price/Sqft-
Days On Market124 days
Est. Mortgage$5,578/mth
Tax Amount (2023)$7,834/yr
Description
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
Property Details
Interior
Features
Main Floor
Living Rm
15'0" x 12'6"Dining Rm
15'0" x 13'0"Kitchen
18'0" x 11'0"Solarium
18'0" x 10'6"Exterior
Features
Parking
Garage spaces 1
Garage type -
Other parking spaces 2
Total parking spaces 3
Property History
27
23
28Get up to 1% cashback when you buy your dream home with Wahi Cashback
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