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344 Tweedsmuir Avenue Ottawa, Ontario K1Z 5N4

4 Bedroom 2 Bathroom
None Radiant Heat

$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:37072)

Property Details

MLS® Number 1377265
Property Type Single Family
Neigbourhood Westboro
AmenitiesNearBy Public Transit, Recreation Nearby, Shopping
ParkingSpaceTotal 3

Building

BathroomTotal 2
BedroomsAboveGround 4
BedroomsTotal 4
Appliances Refrigerator, Dryer, Hood Fan, Stove, Washer
BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructedDate 1904
ConstructionStyleAttachment Detached
CoolingType None
ExteriorFinish Stone, Brick
FlooringType Hardwood, Tile
FoundationType Poured Concrete
HalfBathTotal 1
HeatingFuel Natural Gas
HeatingType Radiant Heat
StoriesTotal 2
Type House
UtilityWater Municipal Water

Parking

Attached Garage
Surfaced

Land

Acreage No
LandAmenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
SizeDepth 107 Ft
SizeFrontage 52 Ft
SizeIrregular 52 Ft X 107 Ft
SizeTotalText 52 Ft X 107 Ft
ZoningDescription Residential

Rooms

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

https://www.realtor.ca/real-estate/26667763/344-tweedsmuir-avenue-ottawa-westboro

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Henga Nayeri
Salesperson


Right At Home Realty
14 Chamberlain Ave Suite 101
Ottawa, Ontario K1S 1V9

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