Added 6 days ago
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Type: Detached
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Style: Bungalow
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Lot Size: 60 x 262.98 Feet
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Age: No Data
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Taxes: $4,748 per year
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Added: Feb 15, 2025 (6 days ago)
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Updated:
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Last Checked: 1 hour ago
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MLS®#: X11974621
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Listed By: Engel & volkers ottawa
Discover a rare investment opportunity with this versatile property, currently generating steady rental income while offering significant potential for future development. Situated in a desirable location, this property is already a lucrative rental, bringing in $4,000 per month, ensuring immediate cash flow for investors. However, the true value lies in its untapped potentialthe lot extends an additional 50 feet beyond the existing fence, presenting a unique opportunity for expansion or redevelopment.The current structure is a well-maintained rental property, appealing to long-term tenants and providing a reliable income stream. With its spacious layout and modern amenities, it attracts high-quality tenants, making it a low-maintenance investment for those looking for passive income. The propertys location is ideal, close to essential amenities, schools, transportation hubs, and thriving commercial areas, ensuring consistent demand in the rental market.What sets this property apart is its development potential. The additional 50 feet of land beyond the fence opens the door to a variety of possibilities. Whether youre considering expanding the existing structure, building additional units, or creating a mixed-use development, this property offers the flexibility to maximize your investment. The area is ripe for growth, with increasing demand for housing and commercial spaces, making it an ideal time to capitalize on this opportunity.For investors looking to diversify their portfolio, this property offers the best of both worlds: immediate rental income and long-term appreciation through development. Whether youre a seasoned developer or a first-time investor, this property is a standout opportunity to build equity and generate substantial returns. Dont miss out on this chance to own a property with proven income potential and exciting future prospects. Schedule a viewing today and explore the possibilities!
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Property
Status: Sale
Property Type: Detached
Style: Bungalow
Area: Beacon Hill North - South and Area
Community: 2106 - Cardinal Heights
Inside
Bedrooms: 4
Bathrooms: 2
Kitchens: 2
Rooms: 9
Den/Family Room: No
Air Conditioning: Central Air
Fireplace: Yes
Central Vacuum: N
Washrooms: 2
Building
Basement: Finished
Heat Type: Forced Air
Heat Source: Gas
Exterior: Alum Siding
Exterior: Brick
Water Supply: Municipal
Special Designation: Unknown
Parking
Garage Spaces: 2
Garage Type: Detached
Covered Parking Spaces: 10
Total Parking Spaces: 12
Fees
Tax Year: 2024
Tax Legal Description: PT LT 108, PL 591 , AS IN GL76441 ; S/T GL51266 GLOUCESTER
Taxes: $4,748
Land
Cross Street: Blair Road
Municipality District: Beacon Hill North - South and Area
Fronting On: East
Parcel Number: 043640065
Pool: None
Sewer: Sewers
Lot Depth: 262.98 Feet
Lot Frontage: 60 Feet
Very Walkable
- Most errands can be accomplished on foot.
Excellent Transit
- Most errands can be accomplished by public transportation.
Very Bikeable
- Most errands can be accomplished on bike.
- — bath
- — bed
830 ST LAURENT Boulevard, Overbrook - Castleheights and Area, Ontario • K1K 3A9
- — bath
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- — sqft
1858 APPLEFORD Street, Beacon Hill North - South and Area, Ontario • K1J 6T4
Thomas D'Arcy McGee Catholic Elementary School
Elementary: CatholicÉcole élémentaire catholique Des Pins
Elementary: CatholicCarson Grove Elementary School
Elementary: PublicSt. Brother Andre Elementary School
Elementary: CatholicLester B. Pearson Catholic Intermediate School
Elementary: CatholicLe Phare Elementary School
Elementary: PublicÉcole secondaire catholique Centre professionnel et technique Minto
Secondary: CatholicOttawa Technical Secondary School
Secondary: PublicLester B Pearson Catholic High School
Secondary: CatholicGloucester High School
Secondary: PublicÉcole secondaire catholique Collège catholique Samuel-Genest
Secondary: CatholicColonel By Secondary School
Secondary: Public-
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