MLS#: X12882868Listed: about 5 hours agoUpdated:about 4 hours ago
Description
Prime Investment Opportunity at 98 Donald. Exceptional turnkey income property with significant redevelopment potential, ideally located on Donald Street. This single-detached bungalow features a legal secondary dwelling unit and sits within the City's new CM1 (Corridor Mainstreet) zoning, offering strong current cash flow with excellent long-term upside. The main floor offers 3 spacious bedrooms, 1 full bathroom, a large living room, and a bright kitchen with breakfast area, complemented by hardwood flooring and renovations completed in 2023. The fully legal basement rental unit was constructed with all required permits and inspections, and includes a separate entrance, 3 bedrooms, 1 bathroom, full kitchen, and in-unit laundry, providing a highly functional layout for tenants. Additional features include two separate hydro meters(200 AMPS), a detached garage, and parking for up to 4 vehicles in the backyard. The property is fully rented, delivering a cap rate of over 5% (cash flow over 4700/Month), making it a strong cash-flowing investment from day one. Strategically located within the CM1 - Corridor Mainstreet zoning, the property also offers significant future redevelopment potential, allowing for higher-density residential or mixed-use development along an evolving urban corridor. This zoning supports intensification and long-term land value growth, making the property attractive to both investors and developers. A rare opportunity to secure a fully leased income property today with substantial redevelopment potential for tomorrow. (id:58075)
Details
Details for 98 Donald Street, Ottawa, Ontario
Property Type
Single Family
Building Type
House
Storeys
1
Neighborhood
3501 - Overbrook
Land Size
50 x 105.2 FT
Year Built
-
Annual Property Taxes
$4,807
Parking Type
Detached Garage, Garage
Inside
Appliances
Washer, Refrigerator, Stove, Dryer
Rooms
-
Bedrooms
6
Bathrooms
2
Fireplace
-
Fireplace Total
-
Basement
Apartment in basement, N/A
Building
Architecture Style
Bungalow
Direction
Cross Streets: Donald cross Vanier Pkwy. ** Directions: N on Vanier Parkway, L on Donald, Property is on the left.