344 Tweedsmuir Avenue Ottawa, Ontario K1Z 5N4
$1,298,000
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 |
Building
| Constructed Date | 1904 |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Other |
| Stories Total | 3 |
| Utility Water | Municipal Water |
Land
| 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 |
https://www.realtor.ca/real-estate/25907753/344-tweedsmuir-avenue-ottawa-westboro
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August 03 2023 08:11:09
Ottawa Real Estate Board
Keller Williams Integrity Realty
