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344 TWEEDSMUIR AVENUE
Ottawa Ontario K1Z5N4 Canada

$1,298,800

Active Listing ID 1377263
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Vacant Land

$1,298,800

Active Listing ID 1377263
Save

344 TWEEDSMUIR AVENUE 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:203)

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Property Features

  • Facts
  • Property Sub-type: Vacant Land
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 4/4/2024 9:24:35 AM GMT
Source Updated Date: 4/24/2024 5:30:12 AM GMT

Courtesy of: HengaNayeri, Salesperson, RIGHT AT HOME REALTY

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