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Excellent Income producing investment property with Great Development Potential = Zoned TM [2214] which allows 6-Storey Development with Multiple Use. Enjoy a good income producing investment (approx. 4.6 Cap Rate when fully rented) while planning your future development of your own perfect income property investment specific to your investment portfolio needs. Located in one of the main city corridors - walking distance to LRT Station, minutes from Downtown, Dows Lake & Little Italy. Duplex is undergoing Major Renovations (with permits) inside & out = one 3-bedroom unit & one large 2-bedroom unit each unit will include 2 full bathrooms, each having it's own furnace, laundry & hydro meter with an estimated potential rent of $2,900 per month (top 3-bedroom unit is fully completed & presently occupied by one of the owner's and lower unit is semi finished). Property features 15 parking spaces. Each of the 3 attached Townhomes have undergone major renovations & each Townhome includes 4-bedrooms, 2 full bathrooms, & In-Unit Laundry. When fully occupied Estimated Gross Income is $198,600 - Estimated Gross Expenses are $32,491.66 - Estimated New Income before mortgage costs are $166,108,34.
5 Fridges, 5 Stoves, 3 Dishwashers, 5 Washers, 5 Dryers, 2 Central Air Conditioners, 2 Hot Water tanks
City: Ottawa
Neighborhood: West Centre Town
Purchase Price | $3549000 |
Down Payment | $709800 |
Mortgage Insurance | $0 |
Total Mortgage | $2839200 |
Mortgage Payment | $17496 |
Property Taxes | $1372 |
Maintenance Fees | $0 |
Monthly Payment | $18868 |
Located at 258, 260, 262, Bronson Ave S , this Ottawa house is available for sale. This property was listed for $3,549,000 on Thu Feb 20 2025. This house's size is 104.38 x 99 Feet. It has 17 bedrooms and 10 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 15 parking spots. 258, 260, 262, Bronson Ave S, Ottawa is situated in the West Centre Town neighbourhood.
MLS#: X11980469 · $3,549,000 · 17 bedroom house in West Centre Town, Ottawa