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 youre 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 until Sep 2025. Unit 2 : Upper Unit Renovated 3-bedroom unit with modern finishes, rented at 1,990/month. Separately metered, tenants pay all utilities. Separate Garage: Perfect for storage or additional rental income. Zoning: R4 excellent potential for redevelopment or future expansion. Why This Property is a Smart Buy: Investors: Gross Income: $45,360/year, Net income after expenses: $39,050. ROI: Solid 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, Flooring: Hardwood, Flooring: Laminate

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

Last updated on : Saturday 4th of January 2025 05:51:31 PM

ADDRESS

Street : 214 HANNAH STREET STREET

City : Ottawa

Province : Ontario

Country : Canada

Postal Code : K1L7M7

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PROPERTY SUMMARY

Property ID : X10629536

Building Type : Duplex

Property Type : Single Family

Bedrooms : 5

Bathrooms : 2

Parking : 4

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