344 Tweedsmuir Avenue Ottawa, Ontario K1Z 5N4


WOW take a look at this rare & spectacular property..... It is ideally situated in the high demand area of Westboro, well known for luxury living and steps away from all amenities, transitway and Westboro Beach. Prime West facing lot, 52FT x 107 FT w/ R4UB Zoning offers multiple opportunities. It is BUILDING PERMIT READY for a 6 UNIT BUILDING w/ 9' ceilings, large sunlit windows, ELEVATOR, ROOF TOP, PARKING & BIKE / GARBAGE SHED in the BACK. It consists of two LUXURIOUS 3 bdrm + den, 2.5 bath w/ in unit storage (1850 sqft each); one 2 bdrm; one 1bdrm + den and two 1 bdrm. Prjected Rent: (2X $6,500) + (1X$2,350) + (1X $2,100) + (1X $2,050) + (1X $1,900) = $256,800/yr less 20% projected expense of $38,520 = projected NOI of $218,280 or 5.5% cap rate. Otherwise the zoning allows up to 12 units, so the possibilities are endless. The existing large 4 bdrm home is leased until April 2024. Call today for more information. (id:37684)

Property Details

MLS® Number 1354721
Property Type Multi-family
Neigbourhood Westboro
Parking Space Total 1


Constructed Date 1904
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Other
Stories Total 3
Utility Water Municipal Water


Acreage No
Sewer Municipal Sewage System
Size Depth 107 Ft
Size Frontage 52 Ft
Size Irregular 52 Ft X 107 Ft
Size Total Text 52 Ft X 107 Ft
Zoning Description R4ub



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