Prime Westboro Income Opportunity! A rare chance to acquire a well-maintained, fully updated, all-brick legal duplex with a permitted basement secondary dwelling unit, ideally situated on a 49.02' x 66.0' lot in one of Ottawa's most desirable urban neighbourhoods.The property features two spacious two-bedroom units plus one one-bedroom lower unit, with the basement secondary dwelling unit added in 2024. Two driveways provide ample parking, each unit is separately hydro-metered, and all units are equipped with air conditioning.The property generates approximately $80,400 in annual gross rental income. Based on seller-provided operating expenses,the estimated Net Operating Income is approximately $60,775.63 per year, representing an estimated 5.07% cap rate. With refreshed interiors, strong in-place income, and a premium Westboro location, this is an attractive long-term investment opportunity for buyers seeking both immediate cash flow and future upside.The property may also offer additional intensification potential, including the possibility of another secondary dwelling unit or coach house/garden-suite-style development, subject to applicable zoning, planning, building code requirements, and municipal approvals. Buyer to independently verify all permitted uses and development potential. (id:53622)
| MLS® Number | X13812090 |
| Property Type | Multi-family |
| Community Name | 5105 - Laurentianview |
| Equipment Type | Water Heater |
| Features | Carpet Free, Sump Pump |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater |
| Basement Features | Separate Entrance |
| Basement Type | N/a |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 66 Ft |
| Size Frontage | 49 Ft |
| Size Irregular | 49 X 66 Ft |
| Size Total Text | 49 X 66 Ft |
https://www.realtor.ca/real-estate/30309636/391-greenwood-avenue-ottawa-5105-laurentianview
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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