The GREATEST rental property the Ottawa market has ever seen. 8.1% CAP RATE. Near Algonquin College. Fully renovated, turn-key, furnished. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $5,800 monthly on 100% long term.
Incredibly efficient...
The GREATEST rental property the Ottawa market has ever seen. 8.1% CAP RATE. Near Algonquin College. Fully renovated, turn-key, furnished. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $5,800 monthly on 100% long term. Incredibly efficient boiler heating and low taxes result in expenses adding up to $10,862. NET OPERATING INCOME $58,738. Principal & interest approx. $25,726. CASH FLOW $2,751 per month. $990,000 cash flow over 30yrs on current rents. No conveyance of offers until Friday December 10th at 3PM.
Property Details
Size
Parking
Lot
Build
Rooms
Kitchen
9′7″ x 12′2″
Living/Dining
13′11″ x 16′1″
Bedroom
10′7″ x 11′10″
Bedroom
9′9″ x 11′7″
Bedroom
10′0″ x 10′11″
Bedroom
8′4″ x 10′0″
Ownership Details
Ownership
Taxes
Source
Listing Brokerage
For Sale Nearby
Sold Nearby
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