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344 Tweedsmuir Ave

Tweedsmuir Ave, West End, Ottawa, ON, K1Z 5N4

4
Beds
2
Baths
$1,298,800
List Price
Details
Photos
28
Comparables
History
344 Tweedsmuir Ave, Ottawa, ON - 1 of 3
344 Tweedsmuir Ave, Ottawa, ON - 2 of 3
344 Tweedsmuir Ave, Ottawa, ON - 3 of 3
55 days on market

Quick Summary

  • Property offers unparalleled possibilities
  • Approved 6 unit building with potential for 12 units
  • Strategic unit mix with impressive rental income
  • Solid 5.5 percent cap rate
  • Prime Westboro investment opportunity
  • Architectural plans include elevator and rooftop space
  • Dedicated parking and bike/garbage shed
  • Provides immediate income for future planning

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... Show More

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 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 now to secure this prime Westboro investment. Some pics virtually staged

Property Details

Size

Sq. Ft. Not Available
12 total rooms
4 Beds
4 Above Grade
2 Baths
1 Full - 1 Partial

Parking

3 Parking Spaces
1 Garage Attached, Surfaced

Lot

Size
52′ * 106′11″
Acres
-

Build

Year Built
1904
Model Name
-
Basement
Unfinished
Exterior
Brick, Stone
Foundation
Poured Concrete
Builder Name
-
Stories
-
Flooring
Tile, Hardwood
Roof
-

Heating & Cooling

Heating
Radiant
Cooling
None

Utilities

Water
Municipal
Sewer
Sewer Connected
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Rooms

Living Rm

12′6″ x 15′

Dining Rm

13′ x 15′

Kitchen

11′ x 18′

Solarium

10′6″ x 18′

Bath 2-Piece

Bathroom

Laundry Rm

8′6″ x 9′

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2023-01-01
Property Tax Amount
$7,834

Source

Listing Brokerage

MLS® Listing
1377265
Last Updated
March 26, 2024
Brokerage
RIGHT AT HOME REALTY
Call us 800-591-0566

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