Basics
- Date added: Added 1 year ago
- Category: Ottawa
- Bedrooms: 4
- Bathrooms: 3
Description
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Description:
This spacious duplex is an incredible opportunity for investors looking to maximize cash flow! Featuring a 3-bedroom, 2-bathroom main house and a renovated basement unit (already rented for $1,200/month), this property is primed for strong returns. With market rent for the main house estimated at $2,300/month, you could be bringing in a total of $3,500/month in rental income! The current owner has already started painting and renovations on the main level, offering a great head start for an investor ready to finish the project and unlock the value. Don’t miss this chance to step into an income-generating property with room to add value!
We are selling our assignable purchase contract.
Closing is April 14th, 2025
Show all descriptionPROPERTY FEATURES- Duplex
- Main unit will be vacant on closing
- Buyer to assume tenant in basement unit
- Currently rented for $1200/month including utilities
- 3+1 bedrooms
- 3 bedrooms located in the main unit
- 1 bedroom located in the basement unit
- 3 bathrooms
- Built in 1899 (as per MPAC)
- Above grade: 2318 sq ft (as per MPAC)
- First floor: 1408 sq ft (as per MPAC)
- Second floor: 910 sq ft (as per MPAC)
- Basement: 621 sq ft (as per MPAC)
- Appliances will be included
- Flooring: vinyl
- 200 AMP breaker panel
- Furnace is owned and was replaced 5-years-ago (as per Seller)
- HWT is rented, age unknown
- Windows were replaced 10-years-ago (as per Seller)
- Tin roof, age unknown (as per Seller)
- On municipal services
- 2 driveways provides separate parking for each tenant
- Annual property tax is $3369.95 as per this online calculator – HERE
- Lot size: 66 ft x 82.5 ft (as per MPAC)
UNIT BREAKDOWN
Main House:
- Vacant
- 3-bed, 2-bath
- 2 living rooms
- Kitchen
- 2 parking spaces
- Market rent for the area is $2300/month (Buyer to verify)
Basement:- Tenant occupied for $1200/month including utilities
- Tenant is fully up-to-date on rent (as per Seller)
- 1-bed, 1-bath
- Living room
- Kitchen
- 1 parking space
- Unit was renovated 7-years-ago (as per Seller)
For more info about this property please reach out to Tammy at 778-883-3257 or email Tammy@offmarketBliss.ca
