Incredible cashflow opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.5% CAP RATE. Fully renovated and SDU added in 2020. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $6,000 monthly or $72,000 annually. Incredibly efficient boiler heating and low taxes result in expenses adding up to only ~$13,610. NET OPERATING INCOME $58,390. Monthly CASH FLOW approx. $1,000 even at current interest rates! Prove your investment acumen and show other investors that you CAN cashflow a renovated Ottawa property $1,000/month at current rates. If rates go down to 3% cashflow becomes $2,000+. With growing rental income you could cashflow over $1 million during a 30-year ownership. At only 4% value growth per year, resale could be approx. $2.92 million. Attached garage holds opportunity for additional income. Sold furnished. (id:4069)
| Address |
151 KNOXDALE ROAD |
| List Price |
$859,900 |
| Property Type |
Single Family |
| Type of Dwelling |
House |
| Style of Home |
Bungalow |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Bedrooms |
8 |
| Bathrooms |
4 |
| Lot Size |
65 ft X 110 ft Sq. Ft. |
| Year Built |
1967 |
| MLS® Number |
1387634 |
| Listing Brokerage |
KELLER WILLIAMS INTEGRITY REALTY
|
| Basement Area |
Full (Finished) |
| Postal Code |
K2G1B1 |
| Zoning |
R1F |
| Site Influences |
Public Transit, Recreation Nearby, Shopping |
| Amenities |
Furnished |
