214 Hannah Street Street Ottawa, Ontario K1L 7M7
$795,000
Renovated Legal Duplex – Take advantage of a unique legal duplex opportunity before the spring market heats up! Whether you’re an investor or looking for a home with rental income, this property combines modern renovations, strong financials & redevelopment potential. Property Features: 2 Units: Unit 1: Lower Unit Bright 2-bedroom unit rented at $1,790/month to long-term tenants. Separate Garage: Perfect for storage or additional rental income. Unit 2 (Vacant): Upper Unit Renovated 3-bedroom unit with modern finishes, ready to rent at a projected $2,300/month, or ideal for owner-occupancy. Separately metered, tenants pay all utilities. Zoning: R4 – excellent potential for redevelopment or future expansion. Why This Property is a Smart Buy: • Investors: Net Income: $42,770/year. ROI: Solid 5.5% at the current list price. Homeowners: Move into the vacant unit and let rental income help with your mortgage! Financial Snapshot: Annual Property Taxes (2024): $4,678. Annual Insurance: $1,632 (id:28469)
Property Details
| MLS® Number | 1421204 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| AmenitiesNearBy | Public Transit, Recreation Nearby, Shopping, Water Nearby |
| ParkingSpaceTotal | 4 |
Building
| BasementDevelopment | Not Applicable |
| BasementType | None (not Applicable) |
| ConstructedDate | 1960 |
| CoolingType | None |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| FlooringType | Hardwood, Laminate |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Baseboard Heaters, Hot Water Radiator Heat |
| StoriesTotal | 2 |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| CurrentUse | Development Residential |
| FenceType | Fenced Yard |
| LandAmenities | Public Transit, Recreation Nearby, Shopping, Water Nearby |
| Sewer | Municipal Sewage System |
| SizeDepth | 66 Ft |
| SizeFrontage | 60 Ft |
| SizeIrregular | 60 Ft X 66 Ft |
| SizeTotalText | 60 Ft X 66 Ft |
| ZoningDescription | Residential |
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November 23 2024 04:11:36
Ottawa Real Estate Board
Exp Realty