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151 Knoxdale Rd

Knoxdale Rd, Woodvale, Ottawa, ON, K2G 1B1

8
Beds
4
Baths
2400
Sq. Ft.
$849,900
List Price
Details
Photos
29
Comparables
History
151 Knoxdale Rd, Ottawa, ON - 1 of 3
151 Knoxdale Rd, Ottawa, ON - 2 of 3
151 Knoxdale Rd, Ottawa, ON - 3 of 3
41 days on market

Quick Summary

  • Fully tenanted with $6,000 monthly income
  • Excellent 6.5% capitalization rate
  • Fully renovated with added secondary dwelling
  • Spacious 8 bedrooms and 4 full bathrooms
  • Efficient boiler heating and low taxes
  • Substantial $58,390 net operating income
  • Attractive $1,000 monthly cash flow
  • Attached garage offers additional income

Incredible cashflow opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.5% CAP RATE. Fully renovated and SDU added in 2020. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $6,000 monthly... Show More

Incredible cashflow opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.5% CAP RATE. Fully renovated and SDU added in 2020. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $6,000 monthly or $72,000 annually. Incredibly efficient boiler heating and low taxes result in expenses adding up to only ~$13,610. NET OPERATING INCOME $58,390. Monthly CASH FLOW approx. $1,000 even at current interest rates! Prove your investment acumen and show other investors that you CAN cashflow a renovated Ottawa property $1,000/month at current rates. If rates go down to 3% cashflow becomes $2,000+. With growing rental income you could cashflow over $1 million during a 30-year ownership. At only 4% value growth per year, resale could be approx. $2.92 million. Attached garage holds opportunity for additional income. Sold furnished.

Property Details

Size

2,400 sq. ft.
17 total rooms
8 Beds
4 Above Grade - 4 Below Grade
4 Baths
4 Full

Parking

3 Parking Spaces
1 Garage Attached, Surfaced

Lot

Size
64′11″ * 110′0″
Acres
-

Build

Year Built
1967
Model Name
-
Basement
Fully Finished
Exterior
Siding, Stone
Foundation
Poured Concrete
Builder Name
-
Stories
-
Flooring
Vinyl, Ceramic
Roof
Asphalt Shingle

Heating & Cooling

Heating
Hot Water, Radiant
Cooling
Wall Unit

Utilities

Water
Municipal
Sewer
Sewer Connected
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Rooms

Kitchen

9′6″ x 12′2″

Living Rm

13′11″ x 16′0″

Bedroom

10′0″ x 10′11″

Bedroom

10′6″ x 11′9″

Bedroom

9′9″ x 11′6″

Bedroom

8′3″ x 10′0″

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Ownership Details

Ownership

Title
Freehold
Zoning
Residential

Taxes

Property Tax Year
2023-01-01
Property Tax Amount
$4,083

Source

Listing Brokerage

MLS® Listing
1387634
Last Updated
May 26, 2024
Brokerage
KELLER WILLIAMS INTEGRITY REALTY
Call us 800-591-0566

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