214 Hannah Street Street Ottawa, Ontario K1L 7M7

$795,000

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:43934)

Property Details

MLS® Number	1421204
Property Type	Multi-family
Neigbourhood	Vanier
AmenitiesNearBy	Public Transit, Recreation Nearby, Shopping, Water Nearby
ParkingSpaceTotal	4

Building

BasementDevelopment	Not Applicable
BasementType	None (not Applicable)
ConstructedDate	1960
CoolingType	None
ExteriorFinish	Brick
FireProtection	Smoke Detectors
FlooringType	Hardwood, Laminate
FoundationType	Poured Concrete
HeatingFuel	Natural Gas
HeatingType	Baseboard Heaters, Hot Water Radiator Heat
StoriesTotal	2
Type	Duplex
UtilityWater	Municipal Water

Parking

Attached Garage

Land

Acreage	No
CurrentUse	Development Residential
FenceType	Fenced Yard
LandAmenities	Public Transit, Recreation Nearby, Shopping, Water Nearby
Sewer	Municipal Sewage System
SizeDepth	66 Ft
SizeFrontage	60 Ft
SizeIrregular	60 Ft X 66 Ft
SizeTotalText	60 Ft X 66 Ft
ZoningDescription	Residential

https://www.realtor.ca/real-estate/27678751/214-hannah-street-street-ottawa-vanier