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2300 Elmira Drive Ottawa, Ontario K2C 1H4

Central Air Conditioning Forced Air

$999,000

Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.7% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $81,564, and low expenses of $14,535 (utilities, insurance, prop tax and snow removal) for an NOI of $67,029, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city. (id:28469)

Property Details

MLS® Number 1402831
Property Type Multi-family
Neigbourhood Parkway Park
ParkingSpaceTotal 4

Building

BasementDevelopment Finished
BasementType Full (finished)
ConstructedDate 1961
CoolingType Central Air Conditioning
ExteriorFinish Brick, Siding
FlooringType Vinyl
FoundationType Block
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 1
Type Duplex
UtilityWater Municipal Water

Parking

Surfaced

Land

Acreage No
CurrentUse Development Residential
Sewer Municipal Sewage System
SizeFrontage 52 Ft
SizeIrregular 52 Ft X 0 Ft (irregular Lot)
SizeTotalText 52 Ft X 0 Ft (irregular Lot)
ZoningDescription Residential