344 TWEEDSMUIR AVENUE
Ottawa, Ontario K1Z5N4

$1,298,800

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 (id:25961)

4 Bedroom 2 Bathroom

None Radiant heat

Bathroom Total	2
Bedrooms Total	4
Half Bathrooms Total	1
Year Built	1904
Cooling Type	None
Flooring Type	Hardwood, Tile
Heating Type	Radiant heat
Heating Fuel	Natural gas
Stories Total	2

Courtesy of RIGHT AT HOME REALTY

Listed on: March 25, 2024

On market: 44 days

Recreation room	Second level	19'0" x 11'9"
Primary Bedroom	Second level	13'0" x 12'0"
Bedroom	Second level	11'0" x 9'9"
Bedroom	Second level	11'0" x 10'6"
Bedroom	Second level	12'6" x 8'6"
Full bathroom	Second level	Measurements not available
Living room	Main level	15'0" x 12'6"
Dining room	Main level	15'0" x 13'0"
Kitchen	Main level	18'0" x 11'0"
Solarium	Main level	18'0" x 10'6"
2pc Bathroom	Main level	Measurements not available
Laundry room	Main level	9'0" x 8'6"

LAURIE COVEDUCK

Broker, SRS, ABR, CNE, SRES

DAN COVEDUCK

Sales Representative, e-Agent

Royal LePage Team Realty

Unit 4-3101 Strandherd Drive,

Ottawa, Ontario K2G 4R9

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344 TWEEDSMUIR AVENUE Ottawa, Ontario K1Z5N4

4 Bedroom 2 Bathroom

None Radiant heat

May 2024

344 TWEEDSMUIR AVENUE
Ottawa, Ontario K1Z5N4