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50 Fringewood Dr

Fringewood Dr, Stittsville, Ottawa, ON, K2S 1T8

7
Beds
4
Baths
-
$XXX,XXX
Details
Photos
30
Comparables
History
50 Fringewood Dr, Ottawa, ON - 1 of 3
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The CASHFLOW COW you?ve been waiting for! INVESTORS:5.90% Cap Rate. Monthly CASHFLOW of $1,325/ month ($15,904/year). Annual Gross Income of $48,540 split between 2 newly renovated, tenanted, turnkey & LEGAL separate units. Upper Unit-4 Bed/2 Full Bath (1 ensuite) rents for $2,120+Hydro. Lower Unit-3 Bed/2 Full Bath (1 ensuite), rents for...

The CASHFLOW COW you?ve been waiting for! INVESTORS:5.90% Cap Rate. Monthly CASHFLOW of $1,325/ month ($15,904/year). Annual Gross Income of $48,540 split between 2 newly renovated, tenanted, turnkey & LEGAL separate units. Upper Unit-4 Bed/2 Full Bath (1 ensuite) rents for $2,120+Hydro. Lower Unit-3 Bed/2 Full Bath (1 ensuite), rents for $1,850+Hydro. Both have been built with design, function & durability in mind. The incredibly efficient boiler system, separate Hydro meters, 2021 Roof & AC, & low taxes, Timeless white kitchens, Quartz countertops, New Appliances, In-suite laundry & Luxury vinyl floors, provide the perfect ultra Low Expense and Low Maintenance investment opportunity! NOI $39,832. Huge backyard with massive deck. EXCELLENT location. Walking distance to Grocery, Schools, Restaurants & multiple parks! Pre-Inspection Available upon request. Offers to be presented on March 20 @ 4pm, however Seller reserves the right to review and may accept pre-emptive offers with 24 IRR.

Property Details

Size

Sq. Ft. Not Available
16 total rooms
7 Beds
4 Above Grade - 3 Below Grade
4 Baths
2 Ensuite - 2 Full

Parking

4 Parking Spaces
-

Lot

Size
57′0″ * 100′0″
Acres
-

Build

Year Built
1983
Model Name
-
Basement
-
Exterior
-
Foundation
-
Builder Name
-
Stories
-
Flooring
-
Roof
-
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Rooms

Living Rm

11′1″ x 14′3″

Dining Rm

5′8″ x 6′1″

Kitchen

11′1″ x 8′3″

Bedroom

11′1″ x 13′0″

Bedroom

11′1″ x 12′8″

Bedroom

11′1″ x 9′1″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2021-01-01
Property Tax Amount
$3,611

Source

Listing Brokerage

MLS® Listing
1281411
Last Updated
April 14, 2023
Brokerage
RE/MAX HALLMARK REALTY GROUP
Call us 800-591-0566

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