391 Greenwood Avenue Ottawa, Ontario K2A 0X4

$1,260,000

Welcome to this fully updated legal duplex with a permitted basement Secondary dwelling unit in the heart of Westboro of Ottawas most desirable neighbourhoods. Sitting on a wide 49' lot, this income-generating property features three spacious 2-bed/1-bath units, each with its own private driveway. With over $150K in recent renovations, including a luxury main-floor upgrade, excavated and structurally reinforced basement, and renovated second floor, this is a rare opportunity to own a low-maintenance, high-return asset. Steps from top schools, parks, trendy shops, westboro beach and transit, its ideal for savvy investors or multi-generational living. Fully tenanted with strong cash flow and a solid 5.2% cap rate, this is Westboro real estate done right. 2021 investments incl. luxuriously renovated Unit 1, improved entrance/common space, re-styled driveways & manicured grounds. Basement professionally excavated to increase ceiling height and reinforced with a structural buttress wall. All work completed with permits and inspections on file. Legal lower-level unit offers strong rental income potential, an excellent investment with lasting value. 2nd floor renovations (2024) new carpet on stairs ( 2024) electrical & plumbing (2023) , 3 new windows in the basement (2023). windows, roof )2019). Operionnal Surveillance system in the building ( 6 Cameras with DVR) included. shed included. Appealing cash flow, 3 meters; gas furnace, c/air, 2 hot water tanks, hardwood, vinyl windows throughout. Ideal for investors or seeking future multi-generational residence. All units currently tenanted. Shared coin laundry ( additional income ) Rents: Apt #1: $24000/m + hydro, Apt #2: 2150/m + hydro, Apt B: $2000/m . Exceptional opportunity in Ottawa's hottest neighbourhood! Set showing schedule +24hrs notice., Flooring: Hardwood, Flooring: Other (See Remarks) (id:43934)

Property Details

MLS® Number	X9515687
Property Type	Multi-family
Neigbourhood	Westboro
Community Name	5105 - Laurentianview
Amenities Near By	Public Transit, Park
Equipment Type	Water Heater
Parking Space Total	6
Rental Equipment Type	Water Heater
Structure	Deck

Building

Bathroom Total	3
Bedrooms Above Ground	6
Bedrooms Total	6
Basement Development	Finished
Basement Type	Full (finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	2,000 - 2,500 Ft2
Type	Duplex
Utility Water	Municipal Water

Land

Acreage	No
Fence Type	Fenced Yard
Land Amenities	Public Transit, Park
Sewer	Sanitary Sewer
Size Depth	66 Ft
Size Frontage	49 Ft
Size Irregular	49 X 66 Ft ; 0
Size Total Text	49 X 66 Ft ; 0
Zoning Description	Rs3

https://www.realtor.ca/real-estate/26943056/391-greenwood-avenue-ottawa-5105-laurentianview