2300 Elmira Drive Ottawa, Ontario K2C 1H4
$999,000
Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.3% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $77160, and low expenses of $14535 (utilities, insurance, prop tax and snow removal) for an NOI of $62625, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city. (id:35885)
Property Details
| MLS® Number | 1402831 |
| Property Type | Multi-family |
| Neigbourhood | Parkway Park |
| Parking Space Total | 4 |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1961 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Siding |
| Flooring Type | Vinyl |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Current Use | Development Residential |
| Sewer | Municipal Sewage System |
| Size Frontage | 52 Ft |
| Size Irregular | 52 Ft X 0 Ft (irregular Lot) |
| Size Total Text | 52 Ft X 0 Ft (irregular Lot) |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/27176054/2300-elmira-drive-ottawa-parkway-park
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Ottawa Real Estate Board
RE/MAX Hallmark Realty Group
July 22 2024 07:11:26
