Seize this rare opportunity to develop a highly profitable investment property in the heart of Westboro.

-Choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in it's R4UB zoning, this property offers unparalleled possibilities!

The approved architectural plans include
-9' ceilings, large sunlit windows
-Elevator for convenience
-Rooftop space for relaxation
-Dedicated parking
-Bike/garbage shed in the back

Unit Breakdown:
-Two luxurious 3-bedroom den, 2.5-bath units w/ in-unit storage (each 1850 sqft) ideal to live in
-One 2-bedroom unit
-One 1-bedroom den unit
-Two 1-bedroom units

-With a strategic unit mix, the projected annual rental income is an impressive $256,800
-After a 20% projected expense of $38,520, the expected net NOI is $218,280
-Reflecting a solid 5.5% cap rate w/ potential for growth
-Provides immediate income while you plan for the future

Act today to secure your chance at this prime Westboro investment.
For more information email henga@henga.ca or call/text 613-407-7040!

344 Tweedsmuir Ave, Ottawa Ontario K1Z 5N4
$1,248,800
When you call please mention you found this ad listing on OKz.ca