Mirna Botros

613-600-2626

55 Saginaw Crescent - $999,000

55 Saginaw Crescent

$999,000

7202 - Borden Farm/Stewart Farm/Carleton Heights/Parkwood Hills

Ottawa, OntarioK2E6Y8

7 beds

4 baths

6 parking

MLS#: X14120890Listed: about 2 hours agoUpdated:about 2 hours ago

Description

Rare Income Property with 3 Self-Contained Units, Strong Cash Flow Potential, Over 2,500 Sq. Ft. Rarely offered turnkey investment opportunity on a quiet, family-friendly crescent. This exceptionally spacious property offers over 2,500 sq. ft. of living space and is currently configured as three self-contained units, making it an ideal addition to any real estate portfolio.The property features: Main Floor Unit (Vacant): Approx. 1,500 sq. ft., 3 bedrooms, 1.5 bathrooms, providing immediate rental upside or the opportunity for owner occupancy while generating income from the other units. Upper Unit: 2 bedrooms, 1 bathroom, leased at $1,800/month (utilities included) until April 2027. Lower Unit: 2 bedrooms, 1 bathroom, rented at $1,990/month (utilities included) on a month-to-month basis. Excellent tenants who would be happy to remain. Investors will appreciate the extensive recent capital improvements, including a new furnace, tankless hot water system, and R60 attic insulation (2026), replacement of underground pipes, pool equipment upgrades, decks, fencing, and numerous additional updates that help reduce future maintenance costs. Outside, tenants enjoy a fully fenced backyard featuring a gated in-ground pool, a highly desirable amenity that enhances rental appeal. The property also offers 3-lane parking for up to 5 vehicles, adding further convenience and value. Whether maintaining the current multi-unit configuration for steady rental income, increasing rents over time, or converting back to a large single-family home, this property offers exceptional flexibility and long-term appreciation potential. Vacant main-floor unit allows immediate market rent positioning. A rare opportunity to acquire a well-maintained, income-generating asset with strong existing tenancy and significant upside potential. Book your private showing today! (id:58075)

Details

Details for 55 Saginaw Crescent, Ottawa, Ontario

Property Type: Multi Family
Building Type: Triplex
Storeys: 2
Neighborhood: 7202 - Borden Farm/Stewart Farm/Carleton Heights/Parkwood Hills
Land Size: 65 x 100 FT
Year Built: -
Annual Property Taxes: $6,526
Parking Type: Attached Garage, Garage

Inside

Appliances: Refrigerator, Dishwasher, Stove, Dryer, Two Washers, Garage door opener remote(s), Water Heater - Tankless, Water Heater
Rooms: -
Bedrooms: 7
Bathrooms: 4
Fireplace: -
Fireplace Total: 1
Basement: Finished, Full, Apartment in basement, Separate entrance, N/A, N/A, N/A

Building

Architecture Style: -
Direction: Cross Streets: Viewmount/Merivale. ** Directions: Viewmount/Merivale, E of Viewmount, Left on Saginaw.
Type of Dwelling: triplex
Roof: -
Exterior: Brick, Vinyl siding
Foundation: Block, Concrete
Flooring: -