241 FERLAND STREET

Ottawa, Ontario, K1L7T5, Canada

$624,900

241 Ferland: Strategically located legal duplex, fully tenanted updated units that generate excellent cash flow ($2300 up mth to mth/$2000 down June 2024) & R4E Zoning. The property offers three beds and one bath upstairs, with 2 beds and one bath downstairs. The property has been extensively renovated and improved both inside and out with newer kitchens, updated bathrooms, insulation, witing, fixtures and far more. Located in an area that sees very high demand this could be an easy investment property to purchase and manage as you grow your real estate portfolio and increase your income over time with solid tenancies and the future appreciation in values near Beechwood. Featuring separate entrances, luxury vinyl flooring, updated kitchens and baths, recent windows, a metal roofing system and newer gas furnace. Building is a true investment property that is well priced and worth pursuing. $51,600 GOI/$43,692 NOI/Cap 7% RETURN*** Staggering 7% return on investment*****

Last updated on : Friday 30th of August 2024 05:13:35 PM

ADDRESS

Street : 241 FERLAND STREET

City : Ottawa

Province : Ontario

Country : Canada

Postal Code : K1L7T5

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PROPERTY SUMMARY

Property ID : 1391525

Building Type : Duplex

Property Type : Multi-family

Parking : 1

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