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Home ON Ottawa - Gatineau Ottawa Westboro
344 TWEEDSMUIR AVENUE
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344 TWEEDSMUIR AVENUE $1,298,800
$1,298,800
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344 TWEEDSMUIR AVENUE
Ottawa, Ontario K1Z5N4

MLS® Number: 1377263

Listing Description

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 net 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 today to secure your chance at this prime Westboro investment. (28045027)

Property Summary

Property Type
Vacant Land
Neighbourhood Name
Westboro
Land Size
0.12 ac
Annual Property Taxes
$7,834
Time on REALTOR.ca
224 days

Building

Interior Features
Basement Type
Unknown (Not Applicable)
Utilities
Utility Type
Fully serviced (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Public Transit, Recreation Nearby, Shopping

Land

Lot Features
Frontage
52 ft
Land Depth
107 ft
Other Property Information
Zoning Description
Residential
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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