BungalowFireplaceCentral Air ConditioningForced AirFinished basement
About this home
Exceptional income-producing asset with huge future development potential! Very Large, 153x67 ft corner lot (with access from two sides) in the prime location on St. Laurent Blvd. Fully tenanted (10 bedrooms 3.5 bathrooms) property, producing $91,872/year ($7,975/monthly). An excellent cash flowing asset with a $62,900 yearly Net operating income, High-demand rental area. You can decide whether you want to keep it operating as an existing rental, or redevelop in the future. The New Zoning for the property is CM2, allowing high density development up to 20 m height. Ideally located and close to CHEO, Ottawa General Hospital, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses. (id:28469)
Facts & features
Property
MLS® Number
X12976428
Property Type
Single Family
Neighbourhood
Hawthorne Meadows
Community Name
3704 - Hawthorne Meadows
Ownership
Freehold
Amenities Near By
Public Transit, Schools
Community Features
Community Centre
Parking Space Total
6
Structure
Deck
Building
Bathroom Total
4
Bedrooms Above Ground
10
Bedrooms Total
10
Appliances
Water Heater - Tankless, Water Heater, Refrigerator