Frontside or backside of a home for 241 FERLAND St, Ottawa Ontario K1L 7T5
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Living room for 241 FERLAND St, Ottawa Ontario K1L 7T5
14 Days on Market

241 FERLAND St, Ottawa, Ontario K1L 7T5

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Estimated Value$412,000*


Days On Market14 days

Est. Mortgage$2,787/mth

Tax Amount (2023)$3,228/yr

*Last updated on: 24/05/24


241 Ferland is a strategically located legal duplex with two rented updated units that generate excellent cash flow (2300 up/2000 down) R4E Zoning. The property offers three beds and one bath upstairs, with 2 beds and one bath downstairs. The property has been extensively renovated and improved both inside and out with newer kitchens, updated bathrooms, insulation, witing, fixtures and far more. Located in an area that sees very high demand this could be an easy investment property to purchase and manage as you grow your real estate portfolio and increase your income over time with solid tenancies and the future appreciation in values near Beechwood. Featuring separate entrances, luxury vinyl flooring, updated kitchens and baths, recent windows, a metal roofing system and newer gas furnace this property shows well and is very well maintained with a 6.73% return. This building is a true investment property that is well priced and worth pursuing. $51,600 GOI/$43,692 NOI/Cap 6.73%!!

Property Details

StyleDuplex - Up&Down
Age of property1955
Lot Size185 SqFt(15.24 x 12.18)
Parking Spaces1
MLS ®Number1391525
Community NameVanier North
Board NameOREB


Heating: Forced Air
Basement: Full, Fully Finished


Lot size: 185 SqFt


Garage spaces -

Garage type -

Other parking spaces 1

Total parking spaces 1

Property History

Listed for$649,000
14 days on market
history photo preview28
Listed for$594,900Terminated
— days on market
history photo preview6
Listed for$649,688Terminated
— days on market
history photo preview6
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Property listed by ENGEL & VOLKERS OTTAWA, Brokerage
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