8 Bedroom
4 Bathroom
Bungalow
Wall Unit
Hot Water Radiator Heat, Radiant Heat
$899,000
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:47263)
Property Details
MLS® Number
|
1387634 |
Property Type
|
Single Family |
Neigbourhood
|
Manordale |
Amenities Near By
|
Public Transit, Recreation Nearby, Shopping |
Parking Space Total
|
3 |
Building
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 |
Parking
Land
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 |
Rooms
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 |
https://www.realtor.ca/real-estate/26782437/151-knoxdale-road-ottawa-manordale