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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:49993)

Property Details

MLS® Number 1377263
Property Type Vacant Land
Neigbourhood Westboro
AmenitiesNearBy Public Transit, Recreation Nearby, Shopping

Building

BasementDevelopment Not Applicable
BasementType Unknown (not Applicable)
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
SizeDepth 107 Ft
SizeFrontage 52 Ft
SizeIrregular 0.12
SizeTotal 0.12 Ac
SizeTotalText 0.12 Ac
ZoningDescription Residential

Utilities

Fully serviced Available

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


RIGHT AT HOME REALTY
14 Chamberlain Ave Suite 101
Ottawa, Ontario K1S 1V9

(613) 369-5199
(416) 391-0013
www.rightathomerealty.com

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