Westboro

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Main Photo: 344 TWEEDSMUIR AVENUE in Ottawa: Vacant Land for sale : MLS®# 1377263
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Status:
Active
Prop. Type:
Vacant Land
MLS® Num:
1377263
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:2493)
Property Type:
Vacant Land
Transaction Type:
For sale
Zoning:
Residential
Taxes:
$7,834 / 2023
Community:
Westboro
Amenities:
Public Transit, Recreation Nearby, Shopping
Utilities:
Fully serviced
Fireplace:
No
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Not Applicable, Unknown
Basement Development:
Not Applicable
Land Amenities:
Public Transit, Recreation Nearby, Shopping
Lot Frontage:
52'
Lot Depth:
107'
Acreage:
No
Lot Size:
5,227.2 sq. ft.
Lot Size:
0.12 ac
Lot Details:
0.12
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Listed by RIGHT AT HOME REALTY
Data was last updated November 7, 2024 at 02:15 AM (UTC)
Area Statistics
Listings on market:
99
Avg list price:
$899,000
Min list price:
$199,000
Max list price:
$13,500,000
Avg days on market:
174
Min days on market:
94
Max days on market:
2,130
Avg price per sq.ft.:
$7,075,471.7
These statistics are generated based on the current listing's property type and located in Ottawa. Average values are derived using median calculations.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.