10 Bedrooms

4 Bathrooms

1,100 - 1,500 sqft Interior

6 Parking spaces

67.2 X 152.7 Ft ; Corner Lot Lot size

3 days ago Listed

Bungalow Fireplace Central Air Conditioning Forced Air Finished basement

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About this home

Exceptional income producing property with strong cash flow and significant future redevelopment potential. Situated on a large 153 ft. x 67 ft. corner lot with access from two sides, this fully tenanted property is ideally located along St. Laurent Boulevard and offers a rare combination of immediate income and long term upside. The property features 10 bedrooms and 3.5 bathrooms and generates approximately $91,872 in annual rental income, with a reported Net Operating Income of approximately $62,900 per year. Located in a high demand rental area close to CHEO, the Ottawa General Hospital, transit, shopping and everyday amenities, the property offers flexibility for investors looking to continue operating it as a strong cash flowing rental while exploring future redevelopment opportunities. The anticipated new zoning is CM2, which is expected to permit higher density development with building heights of up to approximately 20 metres. Whether your strategy is to hold for income, reposition the property, or plan for future redevelopment, this is a compelling opportunity in a well located and evolving area of Ottawa. Buyers are advised to independently verify zoning, permitted uses, development potential and all financial information (id:28469)

Facts & features

Property

MLS® Number: X14028688
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
Architectural Style: Bungalow
Basement Development: Finished
Basement Features: Separate Entrance, Apartment In Basement
Basement Type: N/a (finished), N/a, Full, N/a
Construction Style Attachment: Detached
Cooling Type: Central Air Conditioning
Exterior Finish: Brick, Vinyl Siding
Fire Protection: Monitored Alarm, Smoke Detectors
Fireplace Present: Yes
Foundation Type: Concrete
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 1
Size Interior: 1,100 - 1,500 Sqft
Type: House
Utility Water: Municipal Water

Parking

Attached Garage: —
Garage: —

Land

Acreage: No
Fence Type: Fenced Yard
Land Amenities: Public Transit, Schools
Sewer: Sanitary Sewer
Size Depth: 152 Ft ,8 In
Size Frontage: 67 Ft ,2 In
Size Irregular: 67.2 X 152.7 Ft ; Corner Lot
Size Total Text: 67.2 X 152.7 Ft ; Corner Lot
Zoning Description: Cm2[2208] H(20) - Minor Corridor Zone 2

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $4,874/mo
Ontario land transfer tax: $18,493 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Hawthorne Meadows market

6 Active listings

$519,950 Median asking price

112% above median This home

6 days Avg. time on market

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Rooms

Lower Level

Bedroom 3.93 m x 3.65 m
Bedroom 4.26 m x 3.38 m
Bedroom 3.1 m x 2.56 m
Laundry Room 3.62 m x 2.37 m
Bedroom 3.99 m x 3.38 m
Bedroom 3.65 m x 2.34 m
Bedroom 3.65 m x 2.43 m

Main Level

Living Room 5.63 m x 3.71 m
Dining Room 3.13 m x 3.04 m
Kitchen 4.9 m x 2.65 m
Bedroom 4.02 m x 3.44 m
Bedroom 3.44 m x 2.59 m
Bedroom 3.01 m x 2.95 m
Bedroom 3.38 m x 3.01 m

Location

1152 Tawney Road, Ottawa, Ontario K1G 1B6 · Get directions

1152 Tawney Road