Mirna Botros

613-600-2626

2393 Sheldon Avenue - $999,990

2393 Sheldon Avenue

$999,990

6303 - Queensway Terrace South/Ridgeview

Ottawa, OntarioK2C1K4

6 beds

2 baths

7 parking

MLS#: X13131648Listed: about 6 hours agoUpdated:about 6 hours ago

Description

Welcome to 2393 Sheldon Avenue - this beautifully renovated 3+3 bedroom 1+1 bathroom all-brick bungalow with a legal secondary dwelling unit, is perfectly situated on a quiet, mature, tree-lined street in the highly sought-after community of Queensway Terrace South. Extensively updated from top to bottom, these open concept units offer exceptional flexibility for investors, multigenerational families, or owner-occupiers looking to live in one unit while renting the other. The home has been substantially upgraded with brand-new kitchens, separate hydro meters, pex plumbing, appliances, bathrooms, engineered hardwood flooring on the main level, new lower-unit windows, quartz countertops, a new driveway, extensive landscaping, and much more. The upper unit is expected to rent for approximately $2,900/month, while the lower unit is expected to rent for approximately $2,700/month, generating projected gross income of approximately $67,200 annually and estimated net income of approximately $58,000 - representing an attractive 5.8% cap rate. Enjoy the convenience of easy access to Highway 417, nearby shopping, restaurants, professional services, public transit, parks, schools, and everyday amenities. The spacious, tree-lined backyard offers a private and peaceful setting for outdoor living and relaxation. Whether you are looking for a strong income-producing asset, a flexible intergenerational home, or a turnkey property in a desirable central location, 2393 Sheldon Avenue is a fantastic opportunity in one of Ottawa's most established neighborhoods. (id:58075)

Details

Details for 2393 Sheldon Avenue, Ottawa, Ontario

Property Type: Multi Family
Building Type: Duplex
Storeys: 1
Neighborhood: 6303 - Queensway Terrace South/Ridgeview
Land Size: 58 x 106.3 FT
Year Built: -
Annual Property Taxes: $4,614
Parking Type: No Garage

Inside

Appliances: Dishwasher, Dryer, Microwave, Hood Fan, Two stoves, Two Washers, Water Heater, Two Refrigerators
Rooms: -
Bedrooms: 6
Bathrooms: 2
Fireplace: -
Fireplace Total: -
Basement: Finished, Full, Apartment in basement, Separate entrance, N/A, N/A, N/A

Building

Architecture Style: Bungalow
Direction: Cross Streets: Baseline Road & Southwood Drive. ** Directions: Iris Street to Cobden Road - right on Ryan Drive - left on Tompkins Street - left on Sheldon Avenue.
Type of Dwelling: duplex
Roof: -
Exterior: Brick
Foundation: Poured Concrete
Flooring: -