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344 Tweedsmuir Avenue Ottawa, Ontario K1Z 5N4

4 Bedroom 2 Bathroom
None Radiant Heat


Seize this rare opportunity to build a lucrative investment property in the heart of Westboro. Whether you 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, an elevator for convenience, a rooftop space for relaxation, dedicated parking, and a 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. W/ a strategic unit mix, the projected annual rental income is an impressive $256,800. After a 20% projected expense of $38,520, the expected NOI is $218,280, reflecting a solid 5.5% cap rate w/ potential for growth. It provides immediate income while you plan for the future. Act now to secure this prime Westboro investment. Some pics virtually staged (id:55016)

Property Details

MLS® Number 1377265
Property Type Single Family
Neigbourhood Westboro
Amenities Near By Public Transit, Recreation Nearby, Shopping
Parking Space Total 3


Bathroom Total 2
Bedrooms Above Ground 4
Bedrooms Total 4
Appliances Refrigerator, Dryer, Hood Fan, Stove, Washer
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1904
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Stone, Brick
Flooring Type Hardwood, Tile
Foundation Type Poured Concrete
Half Bath Total 1
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 2
Type House
Utility Water Municipal Water


Attached Garage


Acreage No
Land Amenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
Size Depth 107 Ft
Size Frontage 52 Ft
Size Irregular 52 Ft X 107 Ft
Size Total Text 52 Ft X 107 Ft
Zoning Description Residential


Second Level Recreation Room 19'0" x 11'9"
Second Level Primary Bedroom 13'0" x 12'0"
Second Level Bedroom 11'0" x 9'9"
Second Level Bedroom 11'0" x 10'6"
Second Level Bedroom 12'6" x 8'6"
Second Level Full Bathroom Measurements not available
Main Level Living Room 15'0" x 12'6"
Main Level Dining Room 15'0" x 13'0"
Main Level Kitchen 18'0" x 11'0"
Main Level Solarium 18'0" x 10'6"
Main Level 2pc Bathroom Measurements not available
Main Level Laundry Room 9'0" x 8'6"


14 Chamberlain Ave Suite 101
Ottawa, Ontario K1S 1V9

(613) 369-5199
(416) 391-0013