707 Edison Avenue

Ottawa, Ontario K2A 1W2

5 Bedrooms

3 Bathrooms

1,500 - 2,000 sqft Interior

4 Parking spaces

45 X 100 Ft Lot size

87 days ago Listed

Central Air Conditioning Forced Air

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About this home

Excellent investment opportunity in the desirable Laurentianview /Westboro area! Offered at $1195000, this well maintained and updated legal triplex complete with fire retrofit features quality tenants and strong future rental upside. Two (2 )bedroom and One (1)bedroom. Updates include a new roof(2021), newer windows, front steps(2023), newer appliances, Furnace and AC (2018), 3 new sheds 2023. Four hydro meters with tenants paying their own hydro helps keep operating costs down. Enjoy a lovely shared backyard area with BBQ space and three storage sheds. Ample parking for all tenants. Conveniently located close to transit, shopping, restaurants, parks and all the amenities this sought out area has to offer. A solid addition to any investment portfolio. 48 hours notice required for all showings. (id:28469)

Facts & features

Property

MLS® Number: X13214912
Property Type: Multi-family
Neighbourhood: Laurentian View
Community Name: 5105 - Laurentianview
Features: Carpet Free
Parking Space Total: 4

Building

Bathroom Total: 3
Bedrooms Above Ground: 5
Bedrooms Total: 5
Appliances: Water Meter, Dryer, Storage Shed, Stove, Washer, Refrigerator
Basement Features: Apartment In Basement
Basement Type: N/a
Cooling Type: Central Air Conditioning
Exterior Finish: Brick
Foundation Type: Concrete
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 2
Size Interior: 1,500 - 2,000 Sqft
Type: Triplex
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 100 Ft
Size Frontage: 45 Ft
Size Irregular: 45 X 100 Ft
Size Total Text: 45 X 100 Ft

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: $5,291/mo
Ontario land transfer tax: $20,375 one-time

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

The Laurentianview market

12 Active listings

$924,900 Median asking price

29% above median This home

46 days Avg. time on market

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Location

707 Edison Avenue, Ottawa, Ontario K2A 1W2 · Get directions