391 GREENWOOD AVENUE, Ottawa, Ontario, K2A 0X4

MLS® # X13812090

Investment For Sale In Laurentian, Ottawa, Ontario

$1,199,999

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2 driveways - Parking for each unit - 391 Greenwood Avenue, Ottawa, ON

All brick Duplex with 3 self contained legal units - 391 Greenwood Avenue, Ottawa, ON

main entrance to all 3 units - 391 Greenwood Avenue, Ottawa, ON

Apt 1 entreance - 391 Greenwood Avenue, Ottawa, ON

Apt 1 - Hallway - 391 Greenwood Avenue, Ottawa, ON

Apt 1 - family/dinning room - 391 Greenwood Avenue, Ottawa, ON

Apt 1 - Kitchen - 391 Greenwood Avenue, Ottawa, ON

patio door from Apt 1 kitchen - 391 Greenwood Avenue, Ottawa, ON

Apt 1 - bath - 391 Greenwood Avenue, Ottawa, ON

beautiful deck & shed - 391 Greenwood Avenue, Ottawa, ON

deck for apt 1 use only - 391 Greenwood Avenue, Ottawa, ON

privacy with mature trees - 391 Greenwood Avenue, Ottawa, ON

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391 GREENWOOD AVENUE, Ottawa, Ontario, K2A 0X4

$1,199,999

Property Information:

Prime Westboro Income Opportunity! An exceptional chance to own a fully updated, all-brick legal duplex with a fully permitted basement secondary dwelling unit, offering three self-contained two-bedroom units in one of Ottawa's most sought-after urban neighbourhoods. Set on a generous 49.02' x 66.0' lot, this income property combines strong cash flow, quality upgrades, and long-term upside. Each unit is separately hydro-metered and equipped with air conditioning, while two driveways provide valuable on-site parking for all the tenants. The property generates approximately $80,400 in annual gross rental income. Based on seller-provided operating expenses, the estimated Net Operating Income is approximately $60,775.63 per year, representing an estimated 5.07% cap rate. With refreshed interiors, solid in-place income, and a premium Westboro location close to shops, transit, parks, schools, beach and everyday amenities, this is a compelling opportunity for investors seeking immediate income with future growth potential. The property may also offer additional intensification possibilities, including the potential for another secondary dwelling unit or coach house/garden-suite-style development, subject to applicable zoning, planning, building code requirements, and municipal approvals. Buyer to independently verify all permitted uses and development potential. ps: The listing photos are of Apartment #1 only and were taken before the tenants moved in. Apartment #2 offers a similar layout and finish. The basement unit is approximately 200 sq. ft. smaller than the other units and includes two bedrooms, a full bathroom, kitchenette, living room, furnace room, mechanical room, and laundry room. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Amenities: Separate Hydro Meters
Basement Type: N/A
Exterior Finish: Brick
Floor Space: 1500 - 2000 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances:

Property Features:

Property Type: Multi-family
Features: Carpet Free, Sump Pump
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 66 Feet
Lot Frontage: 49 Feet
Lot Size: 49 x 66 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Courtesy of: INNOVATION REALTY LTD.

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