- Status:
- Active
- Prop. Type:
- Vacant Land
- MLS® Num:
- 1377263
- Photos (27)
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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 October 5, 2024 at 08:15 AM (UTC)
Area Statistics
- Listings on market:
- 134
- Avg list price:
- $825,000
- Min list price:
- $199,000
- Max list price:
- $13,500,000
- Avg days on market:
- 132
- Min days on market:
- 62
- Max days on market:
- 2,098
- 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.
- NICK GAGNON
- RIGHT AT HOME REALTY
- 1 (613) 8066362
- Contact by Email
Nick Gagnon
Right at Home Realty
Office Address:
14 Chamberlain Avenue
Ottawa, ON, K1S 3T3
