An incomparable investment opportunity in one of Ottawa's most sought-after neighborhoods awaits savvy investors. In the heart of Lindenlea, 6 rental units await all the benefits of an advantageous address: minutes to amenities and specialty shops of Beechwood Village, Global Affairs and the Byward Market. Steps to transit for a swift commute downtown or out of the city. Surrounded by bike paths, parks and heritage homes, this opportunity is an optimal long term investment for the right portfolio. At approximately 1000 sq.ft each, these units boast generous spaces that are difficult to find in todays rental market. Each well maintained suite features 2 bedrooms, full bath, bright living spaces, laundry, and a private garden. With room for a BBQ or urban garden, the appeal and ease with which to attract tenants is ready-made. Some lower levels are finished, while others await customization. Take advantage of this project which offers excellent value to get in on the ground floor and reap the benefits. (id:28469)
Business
Business Type
Residential
Business Sub Type
Apartments
Facts & features
Property
MLS® Number
X12229746
Property Type
Multi-family
Neighbourhood
New Edinburgh
Community Name
3302 - Lindenlea
Amenities Near By
Public Transit, Recreation
Building
Cooling Type
None
Heating Type
Baseboard Heaters
Type
Multi-family
Utility Water
Municipal Water
Land
Acreage
No
Land Amenities
Public Transit, Recreation
Size Depth
33 Ft
Size Frontage
96 Ft ,2 In
Size Irregular
Bldg=96.23 X 33 Ft ; 1
Size Total Text
Bldg=96.23 X 33 Ft ; 1
Zoning Description
Residential
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
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
$8,630/mo
Ontario land transfer tax
$35,455 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.