391 Greenwood Avenue Ottawa, Ontario K2A 0X4

$1,199,999

Prime Westboro Income Opportunity! A rare chance to acquire a well-maintained, fully updated, all-brick legal duplex with a fully 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 offers three self-contained two-bedroom units, with the basement SDU having completed and passed City final inspections. 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 offering 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:49269)

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https://www.realtor.ca/real-estate/30309636/391-greenwood-avenue-ottawa-5105-laurentianview