Mirna Botros
613-600-2626125 Norice Street - $924,900
125 Norice Street - $924,900
125 Norice Street
$924,900
7302 - Meadowlands/Crestview
Ottawa, OntarioK2G2Y2
5 beds
2 baths
6 parking
MLS#: X13182534Listed: about 3 hours agoUpdated:about 1 hour ago
Description
We are pleased to present an exceptional investment opportunity featuring strong immediate cash flow and significant future development potential. This updated, well-maintained bungalow includes a legal secondary unit and is situated on a prime 146 ft x 170 ft oversized lot in the desirable Crestview/Meadowlands community. The property generated a gross monthly income of $ 4,000, yielding a net annual income of over $48,000. Key highlights include: the upper level: renovated with three generous bedrooms, a modern open-concept kitchen, a four-piece bathroom, in-unit laundry, gleaming hardwood flooring and LED lighting throughout, and a bright living space. The lower level features in law unit suite with a separate entrance, two bedrooms, a three-piece bath, its own dedicated laundry facility, new laminate flooring, raw marble kitchen counters in the kitchen and bathroom, plus a sleek open-concept layout with high-end finishes. This fabulous home sits on an oversized corner fenced and hedged lot, featuring a large 2-car detached garage, an interlock patio ideal for summer enjoyment and entertaining. Location: Ideally situated within walking distance of Algonquin College, the future LRT station, the shops at College Square and easy access to the 417 Highway. The property is also steps away from convenient bus service, parks, and St. Gregory's Elementary School. Beyond the current rental income, the newly proposed Minor Corridor 2 (CM2) zoning unlocks significant development potential. This may allow for a four-story building with a footprint of over 5,500 sq. ft., potentially providing more than 25,000 sq. ft. of total living space. (Note: All development potential must be verified with the City of Ottawa. This is a rare opportunity to secure a high-yielding asset while positioning for exceptional future returns. Please let me know if you would like to schedule a viewing or if I can provide further details. (id:58075)Details
Details for 125 Norice Street, Ottawa, Ontario- Property Type
- Single Family
- Building Type
- House
- Storeys
- 1
- Neighborhood
- 7302 - Meadowlands/Crestview
- Land Size
- 146 x 170 FT
- Year Built
- -
- Annual Property Taxes
- $4,761
- Parking Type
- Detached Garage, Garage, Covered
Inside
- Appliances
- Dishwasher, Dryer, Hood Fan, Two stoves, Window Coverings, Two Washers, Garage door opener, Garage door opener remote(s), Two Refrigerators
- Rooms
- -
- Bedrooms
- 5
- Bathrooms
- 2
- Fireplace
- -
- Fireplace Total
- 1
- Basement
- Finished, Full, Apartment in basement, Separate entrance, N/A, N/A, N/A
Building
- Architecture Style
- Bungalow
- Direction
- Cross Streets: Woodroffe Ave and Norice Street. ** Directions: Woodroffe Ave south, east on Norice Street, residence is #125 on the north side of the street just before Brook Lane.
- Type of Dwelling
- house
- Roof
- -
- Exterior
- Brick
- Foundation
- Concrete
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 146 x 170 FT
- Zoning
- -
- Zoning Description
- RIFF
Parking
- Features
- Detached Garage, Garage, Covered
- Total Parking
- 6
Utilities
- Cooling
- Central air conditioning
- Heating
- Forced air, Wood
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- Wooded area, Open space, Flat site, Level, In-Law Suite
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 125 Norice Street, Ottawa, OntarioMap
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