Incredible cashflow opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.5% CAP RATE. Fully renovated and SDU added in 2020. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $6,000 monthly or $72,000 annually. Incredibly efficient boiler heating and low taxes result in expenses adding up to only ~$13,610. NET OPERATING INCOME $58,390. Monthly CASH FLOW approx. $1,000 even at current interest rates! Prove your investment acumen and show other investors that you CAN cashflow a renovated Ottawa property $1,000/month at current rates. If rates go down to 3% cashflow becomes $2,000+. With growing rental income you could cashflow over $1 million during a 30-year ownership. At only 4% value growth per year, resale could be approx. $2.92 million. Attached garage holds opportunity for additional income. Sold furnished. (id:6673)
MLS® Number | 1387634 |
Property Type | Single Family |
Neigbourhood | Manordale |
Amenities Near By | Public Transit, Recreation Nearby, Shopping |
Parking Space Total | 3 |
Bathroom Total | 4 |
Bedrooms Above Ground | 4 |
Bedrooms Below Ground | 4 |
Bedrooms Total | 8 |
Amenities | Furnished |
Architectural Style | Bungalow |
Basement Development | Finished |
Basement Type | Full (finished) |
Constructed Date | 1967 |
Construction Style Attachment | Detached |
Cooling Type | Wall Unit |
Exterior Finish | Stone, Siding |
Flooring Type | Vinyl, Ceramic |
Foundation Type | Poured Concrete |
Heating Fuel | Natural Gas |
Heating Type | Hot Water Radiator Heat, Radiant Heat |
Stories Total | 1 |
Type | House |
Utility Water | Municipal Water |
Attached Garage | |
Surfaced |
Acreage | No |
Land Amenities | Public Transit, Recreation Nearby, Shopping |
Sewer | Municipal Sewage System |
Size Depth | 110 Ft |
Size Frontage | 65 Ft |
Size Irregular | 65 Ft X 110 Ft |
Size Total Text | 65 Ft X 110 Ft |
Zoning Description | R1f |
Level | Type | Length | Width | Dimensions |
---|---|---|---|---|
Lower Level | Kitchen | 12'11" x 9'0" | ||
Lower Level | Living Room | 13'3" x 11'5" | ||
Lower Level | Dining Room | 13'2" x 7'10" | ||
Lower Level | Bedroom | 12'1" x 11'8" | ||
Lower Level | Bedroom | 12'7" x 10'0" | ||
Lower Level | Bedroom | 13'3" x 8'6" | ||
Lower Level | Bedroom | 10'6" x 9'11" | ||
Lower Level | 3pc Bathroom | Measurements not available | ||
Main Level | Kitchen | 12'2" x 9'7" | ||
Main Level | Living Room | 16'1" x 13'11" | ||
Main Level | Bedroom | 10'11" x 10'0" | ||
Main Level | Bedroom | 11'10" x 10'7" | ||
Main Level | Bedroom | 11'7" x 9'9" | ||
Main Level | Bedroom | 10'0" x 8'4" | ||
Main Level | 3pc Bathroom | Measurements not available |
Contact us for more information
Kevin John
Salesperson
(613) 829-1818
www.kwintegrity.ca/
Carley Humphries
Salesperson
(613) 829-1818
www.kwintegrity.ca/