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1824 Forman Ave

Forman Ave, West End, Ottawa, ON, K2C 1A8

6
Beds
2
Baths
-
$XXX,XXX
Details
Photos
30
Comparables
History
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RARE OFFERED INVESTMENT OPPORTUNITY - GREATER THAN 5% CAPITALIZATION RATE. See attached document. 1824 Forman Avenue is located in the prestigious Bel-Air Heights with an incredible location being only a 6 minute walk to Algonquin College. This bungalow has been converted to a LEGAL SECONDARY DWELLING in 2021 with all the proper channels...

RARE OFFERED INVESTMENT OPPORTUNITY - GREATER THAN 5% CAPITALIZATION RATE. See attached document. 1824 Forman Avenue is located in the prestigious Bel-Air Heights with an incredible location being only a 6 minute walk to Algonquin College. This bungalow has been converted to a LEGAL SECONDARY DWELLING in 2021 with all the proper channels followed. The upper unit is rented at $2400 + hydro until April 1st 2023, and the lower unit is rented at $2200 + hydro until August 1st 2023 (separate 100 amp panels). Amazing tenants in both units (2 leases total). Each unit has 3 bedrooms 1 bathroom, 2 parking spots, private deck and own laundry. Massive $55,200 annual income (with potential to increase + parking rental), with $45,986 net. An investor or end users dream. Amazing opportunity to add a turnkey investment to your portfolio with little maintenance. SDU 2021, Upstairs Reno 2021, Roof 2010, furnace 2014, A/C 2014, HWT 2022, Downspouts, Gutter Helms 2022, fence 2021

Property Details

Size

Sq. Ft. Not Available
13 total rooms
6 Beds
3 Above Grade - 3 Below Grade
2 Baths
2 Full

Parking

4 Parking Spaces
Other (See Remarks), Street Permit

Lot

Size
54′11″ * 86′1″
Acres
-

Build

Year Built
1960
Model Name
-
Basement
Fully Finished
Exterior
Brick
Foundation
Poured Concrete
Builder Name
Campeau
Stories
-
Flooring
Vinyl, Hardwood
Roof
Asphalt Shingle

Heating & Cooling

Heating
Forced Air
Cooling
Central Air Conditioning

Utilities

Water
Municipal
Sewer
Sewer Connected
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Rooms

Living room/Fireplace

9′2″ x 13′6″

Bath 3-Piece

6′6″ x 6′11″

Dining Rm

9′7″ x 12′4″

Bedroom

10′2″ x 11′0″

Bedroom

10′3″ x 10′7″

Bedroom

12′6″ x 18′0″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2022-01-01
Property Tax Amount
$4,200

Source

Listing Brokerage

MLS® Listing
1325910
Last Updated
April 14, 2023
Brokerage
EXP REALTY
Call us 800-591-0566

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