161 Hinchey Avenue

Ottawa, Ontario K1Y 1L5

5,000 sqft Interior

50.16 X 98.12 Ft Lot size

1 day ago Listed

About this home

CALLING ALL INVESTORS and DEVELOPERS!! Permit Ready 12 Unit Build ready to go! Take advantage of plans already in place and a property ready to be demolished. Use MLI Select financing for this 12 Unit Building, with over 330K gross revenue per year. This is in a spectacular location to maximize possible rental income. LRT, shops, parks and recreation nearby, public transit, etc. This would be a great property in an unbeatable location to add to your portfolio. (id:28469)

Facts & features

Property

MLS® Number: X13774194
Property Type: Vacant Land
Neighbourhood: Mechanicsville
Community Name: 4201 - Mechanicsville

Building

Size Interior: 5,000 Sqft
Utility Water: Municipal Water

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 98 Ft ,1 In
Size Frontage: 50 Ft ,1 In
Size Irregular: 50.16 X 98.12 Ft
Size Total Text: 50.16 X 98.12 Ft
Zoning Description: N4b

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: $6,641/mo
Ontario land transfer tax: $26,473 one-time

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

The Mechanicsville market

18 Active listings

$354,450 Median asking price

323% above median This home

28 days Avg. time on market

Browse all Mechanicsville listings →

Location

161 Hinchey Avenue, Ottawa, Ontario K1Y 1L5 · Get directions