214 HANNAH STREET STREET

Ottawa, Ontario, K1L7M7, Canada

$795,000

Renovated Legal Duplex – Take advantage of a unique legal duplex opportunity before the spring market heats up! Whether you’re an investor or looking for a home with rental income, this property combines modern renovations, strong financials & redevelopment potential. Property Features: 2 Units: Unit 1: Lower Unit Bright 2-bedroom unit rented at $1,790/month to long-term tenants. Separate Garage: Perfect for storage or additional rental income. Unit 2 (Vacant): Upper Unit Renovated 3-bedroom unit with modern finishes, ready to rent at a projected $2,300/month, or ideal for owner-occupancy. Separately metered, tenants pay all utilities. Zoning: R4 – excellent potential for redevelopment or future expansion. Why This Property is a Smart Buy: • Investors: Net Income: $42,770/year. ROI: Solid 5.5% at the current list price. Homeowners: Move into the vacant unit and let rental income help with your mortgage! Financial Snapshot: Annual Property Taxes (2024): $4,678. Annual Insurance: $1,632

Virtual Tour: https://drive.google.com/file/d/1Gi2HJ8R0WZ61Z2U5LUrGFRQnqaea9U7K/view?usp=sharing

Last updated on : Friday 22nd of November 2024 11:11:36 PM

ADDRESS

Street : 214 HANNAH STREET STREET

City : Ottawa

Province : Ontario

Country : Canada

Postal Code : K1L7M7

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PROPERTY SUMMARY

Property ID : 1421204

Building Type : Duplex

Property Type : Multi-family

Parking : 4

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