241 Ferland Street Ottawa, Ontario K1L 7T5
$639,000
241 Ferland: Strategically located legal duplex, fully tenanted updated units that generate excellent cash flow ($2300 up/$2000 down) & R4E Zoning. The property offers three beds and one bath upstairs, with 2 beds and one bath downstairs. The property has been extensively renovated and improved both inside and out with newer kitchens, updated bathrooms, insulation, witing, fixtures and far more. Located in an area that sees very high demand this could be an easy investment property to purchase and manage as you grow your real estate portfolio and increase your income over time with solid tenancies and the future appreciation in values near Beechwood. Featuring separate entrances, luxury vinyl flooring, updated kitchens and baths, recent windows, a metal roofing system and newer gas furnace this property shows well and is very well maintained. This building is a true investment property that is well priced and worth pursuing. $51,600 GOI/$43,692 NOI/Cap 6.84%! ***6.84% RETURN*** (id:35885)
Property Details
| MLS® Number | 1391525 |
| Property Type | Multi-family |
| Neigbourhood | Beechwood Village |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Parking Space Total | 1 |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1955 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Flooring Type | Hardwood, Tile, Vinyl |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Current Use | Development Residential |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 50 Ft |
| Size Frontage | 39 Ft ,11 In |
| Size Irregular | 39.95 Ft X 50.01 Ft |
| Size Total Text | 39.95 Ft X 50.01 Ft |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/26882258/241-ferland-street-ottawa-beechwood-village
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Ottawa Real Estate Board
Engel & Volkers Ottawa
June 27 2024 03:13:21
