1152 TAWNEY ROAD
Ottawa, Ontario
MLS® X14028688
$1,100,880
- Status
- Active
- Property type
- House
- MLS® number
- X14028688
- Bedrooms
- 10
- Bathrooms
- 4
- Year built
- —
1 / 33Listing description
Exceptional income producing property with strong cash flow and significant future redevelopment potential. Situated on a large 153 ft. x 67 ft.
corner lot with access from two sides, this fully tenanted property is ideally located along St. Laurent Boulevard and offers a rare combination of immediate income and long term upside. The property features 10 bedrooms and 3.
5 bathrooms and generates approximately $91,872 in annual rental income, with a reported Net Operating Income of approximately $62,900 per year. Located in a high demand rental area close to CHEO, the Ottawa General Hospital, transit, shopping and everyday amenities, the property offers flexibility for investors looking to continue operating it as a strong cash flowing rental while exploring future redevelopment opportunities. The anticipated new zoning is CM2, which is expected to permit higher density development with building heights of up to approximately 20 metres.
Whether your strategy is to hold for income, reposition the property, or plan for future redevelopment, this is a compelling opportunity in a well located and evolving area of Ottawa. Buyers are advised to independently verify zoning, permitted uses, development potential and all financial information
Property summary
- MLS® number
- X14028688
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 67.2 x 152.7 FT ; Corner lot
- Annual property taxes
- $5,057.75
- Parking
- 6 spaces · Attached Garage, Garage
- Days on market
- 2 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, Full, Apartment in basement, Separate entrance, N/A, N/A, N/A
- Appliances
- Refrigerator, Water Heater - Tankless, Water Heater
- Exterior features
- Brick, Vinyl siding
- Community features
- Community Centre
- Architectural style
- Bungalow
What would this home cost you?
Based on the $1,100,880 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE INTEGRITY REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.