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151 Knoxdale Road Ottawa, Ontario K2G 1B1

8 Bedroom 4 Bathroom
Bungalow Wall Unit Hot Water Radiator Heat, Radiant Heat

$849,900

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:48755)

Property Details

MLS® Number 1387634
Property Type Single Family
Neigbourhood Manordale
Amenities Near By Public Transit, Recreation Nearby, Shopping
Parking Space Total 3

Building

Bathroom Total 4
Bedrooms Above Ground 4
Bedrooms Below Ground 4
Bedrooms Total 8
Amenities Furnished
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1967
Construction Style Attachment Detached
Cooling Type Wall Unit
Exterior Finish Stone, Siding
Flooring Type Vinyl, Ceramic
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat, Radiant Heat
Stories Total 1
Type House
Utility Water Municipal Water

Parking

Attached Garage
Surfaced

Land

Acreage No
Land Amenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
Size Depth 110 Ft
Size Frontage 65 Ft
Size Irregular 65 Ft X 110 Ft
Size Total Text 65 Ft X 110 Ft
Zoning Description R1f

Rooms

Level Type Dimensions
Lower Level Kitchen 12'11" x 9'0"
Lower Level Living Room 13'3" x 11'5"
Lower Level Dining Room 13'2" x 7'10"
Lower Level Bedroom 12'1" x 11'8"
Lower Level Bedroom 12'7" x 10'0"
Lower Level Bedroom 13'3" x 8'6"
Lower Level Bedroom 10'6" x 9'11"
Lower Level 3pc Bathroom Measurements not available
Lower Level 3pc Bathroom Measurements not available
Main Level Kitchen 12'2" x 9'7"
Main Level Living Room 16'1" x 13'11"
Main Level Bedroom 10'11" x 10'0"
Main Level Bedroom 11'10" x 10'7"
Main Level Bedroom 11'7" x 9'9"
Main Level Bedroom 10'0" x 8'4"
Main Level 3pc Bathroom Measurements not available
Main Level 3pc Bathroom Measurements not available

https://www.realtor.ca/real-estate/26782437/151-knoxdale-road-ottawa-manordale

Interested?

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Kevin John
Salesperson

(613) 804-4292
everstonegroup.ca/

Keller Williams Integrity Realty
2148 Carling Ave Unit 5
Ottawa, Ontario K2A 1H1

(613) 829-1818
www.kwintegrity.ca/

Carley Humphries
Salesperson

(613) 986-0898

Keller Williams Integrity Realty
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1

(613) 829-1818
www.kwintegrity.ca/

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