MLS#: X12951578Listed: about 2 months agoUpdated:27 days ago
Description
Exceptional income producing asset with huge future development potential! Prime 58x100 ft lot in the fast growing Baseline Corridor. Fully tenanted 2-unit dwelling (4-bed 2-full bath each unit) producing $83,373/yearly ($6947 monthly). An excellent cash flowing asset with a $57,927 Net Income. High-demand rental area. You can decide whether you want to keep it operating as a duplex or redevelop in the future. The New Zoning for the property is MS2, allowing high density development up to 20 m height. Ideally located just steps to Algonquin College, College Square, Pinecrest Recreation Centre, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses. (id:58075)
Details
Details for 2347 Baseline Road, Ottawa, Ontario
Property Type
Single Family
Building Type
House
Storeys
1
Neighborhood
6303 - Queensway Terrace South/Ridgeview
Land Size
58 x 100 FT
Year Built
-
Annual Property Taxes
$4,467
Parking Type
Carport, Covered, No Garage
Inside
Appliances
Dishwasher, Range, Dryer, Microwave, Blinds, Two stoves, Two Washers, Water Heater, Two Refrigerators
Rooms
13
Bedrooms
8
Bathrooms
4
Fireplace
-
Fireplace Total
-
Basement
Finished, N/A
Building
Architecture Style
Bungalow
Direction
Baseline Road between Southwood Drive and Centrepointe Drive