344 TWEEDSMUIR AVENUE

Vacant Land For Sale in Ottawa, Ontario

$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 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. (id:4069)
Address 344 TWEEDSMUIR AVENUE
List Price $1,298,800
Property Type Vacant Land
Area Ontario
Sub-Area Ottawa
Lot Size 0.12 Sq. Ft.
MLS® Number 1377263
Listing Brokerage RIGHT AT HOME REALTY
Basement Area Unknown (Not Applicable)
Postal Code K1Z5N4
Zoning Residential
Site Influences Public Transit, Recreation Nearby, Shopping

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Steve Sicard REALTOR® | SRES®

Right at Home Realty Brokerage

14 Chamberlain Ave Suite 101 Ottawa Ontario K1S 1V9

Mobile: (613) 853-5807

Office: (613) 369-5199

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