344 Tweedsmuir Avenue Ottawa, Ontario K1Z 5N4

$1,298,800

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 net 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 today to secure your chance at this prime Westboro investment. (id:43934)

Property Details

MLS® Number	X9515279
Property Type	Vacant Land
Neigbourhood	Westboro
Community Name	5002 - Westboro South
AmenitiesNearBy	Public Transit, Park

Building

UtilityWater

Municipal Water

Land

Acreage	No
LandAmenities	Public Transit, Park
Sewer	Sanitary Sewer
SizeDepth	107 Ft
SizeFrontage	52 Ft
SizeIrregular	52 X 107 Ft ; 0
SizeTotalText	52 X 107 Ft ; 0|under 1/2 Acre
ZoningDescription	Residential

https://www.realtor.ca/real-estate/26667764/344-tweedsmuir-avenue-ottawa-5002-westboro-south