Mirna Botros

613-600-2626

1714 Baseline Road - $949,900

1714 Baseline Road

$949,900

7301 - Meadowlands/St. Claire Gardens

Ottawa, OntarioK2C0B8

9 beds

4 baths

5 parking

MLS#: X12834478Listed: about 3 hours agoUpdated:about 3 hours ago

Description

Income-generating property featuring two semi-detached homes, each with basement apartments, ideally located within walking distance to Algonquin College. This prime location offers easy access to LRT station(when completed), public transit, and a wide array of nearby amenities including shopping, schools, restaurants, parks, and everyday conveniences making it highly attractive to students, professionals, and long-term tenants alike. The property generates a strong gross annual rental income of $70,972.08, with tenants paying all utilities, keeping operating costs low generating higher NOI. The building is equipped with 4 hydro meters, 2 gas meters, and water sub-metering for efficient and transparent utility management. Basement units are heated by electric baseboard, while the upper units feature forced-air natural gas heating, offering independent and reliable climate control throughout.Under the City of Ottawa's proposed Official Plan, the property is anticipated to fall under MS2 H zoning, which allows for a wide range of mixed-use and intensified development options, subject to City approvals. This zoning framework provides significant long-term redevelopment and value-add potential at this highly desirable, transit-oriented location. A rare opportunity to acquire a high-performing income property with excellent holding income today and exceptional redevelopment potential for the future. (id:58075)

Details

Details for 1714 Baseline Road, Ottawa, Ontario

Property Type: Multi Family
Building Type: Fourplex
Storeys: 2
Neighborhood: 7301 - Meadowlands/St. Claire Gardens
Land Size: 63.9 x 77 FT
Year Built: -
Annual Property Taxes: $7,111
Parking Type: No Garage

Inside

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Rooms: -
Bedrooms: 9
Bathrooms: 4
Fireplace: -
Fireplace Total: -
Basement: Finished, Full

Building

Architecture Style: -
Direction: Cross Streets: Baseline and Woodroffe. ** Directions: from Woodroffe east on Baseline house is on right.
Type of Dwelling: fourplex
Roof: -
Exterior: Brick
Foundation: Block
Flooring: -