MLS#: X12343804Listed: 5 months agoUpdated:3 months ago
Description
This turnkey investment opportunity presents an income-generating duplex with a bonus unit, perfectly situated in the sought-after Merivale/Baseline corridor. Nestled on a quiet dead-end street, the property is spacious, well-maintained, and offers both strong rental income and excellent future potential. The second floor hosts a large three-bedroom unit, freshly painted and featuring newly renovated hardwood floors. Tenants enjoy the benefits of a private backyard, gas heating, free parking, and ample storage. Adding to its versatility, the property also includes a non-conforming basement unit that offers additional flexibility or potential rental income. Positioned directly across from a park with scenic walking and biking trails, this location is highly attractive to renters. Its also just minutes away from shopping, schools, restaurants, transit, and the Queensway, ensuring convenience for all occupants. Currently, the property is fully rented to two long-term tenants who wish to remain, generating over $50,000 in annual rental income. With its low turnover rate and high-demand location, this property is ideal for both seasoned investors and those purchasing their first rental. This is a rare chance to own a cash-flowing property in one of Ottawa's prime neighborhoods, with plenty of room to add future value. (id:58075)
Details
Details for 1098 Clyde Avenue, Ottawa, Ontario
Property Type
Multi Family
Building Type
Duplex
Storeys
2
Neighborhood
5405 - Copeland Park
Land Size
65 x 105 FT
Year Built
-
Annual Property Taxes
$5,631
Parking Type
Attached Garage, Garage
Inside
Appliances
Washer, Refrigerator, Stove, Dryer
Rooms
18
Bedrooms
7
Bathrooms
3
Fireplace
-
Fireplace Total
-
Basement
Partially finished, Full
Building
Architecture Style
-
Direction
Cross Streets: Castle Hill Cres. ** Directions: Google Maps.