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:42482)
| MLS® Number | 1387634 |
| Property Type | Single Family |
| Neighbourhood | Manordale |
| Amenities Nearby | 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 | ||
| 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 | ||
| Main Level | 3pc Bathroom | Measurements not available |
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Labrosse Real Estate Group
4366 Innes Road
Ottawa, ON, K4A 3W3
Direct: 613-227-6409
Email: Hello@LabrosseRealEstate.com
Office: 613-590-3000
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Nicholas Labrosse Courtier Immobilier Inc
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