391 GREENWOOD AVENUE

Ottawa, , K2A0X4, Canada

$1,199,999

Prime Westboro Income Opportunity! An exceptional chance to own a fully updated, all-brick legal duplex with a fully permitted basement secondary dwelling unit, offering three self-contained two-bedroom units in one of Ottawa's most sought-after urban neighbourhoods. Set on a generous 49.02' x 66.0' lot, this income property combines strong cash flow, quality upgrades, and long-term upside. Each unit is separately hydro-metered and equipped with air conditioning, while two driveways provide valuable on-site parking for all the tenants. The property generates approximately $80,400 in annual gross rental income. Based on seller-provided operating expenses, the estimated Net Operating Income is approximately $60,775.63 per year, representing an estimated 5.07% cap rate. With refreshed interiors, solid in-place income, and a premium Westboro location close to shops, transit, parks, schools, beach and everyday amenities, this is a compelling opportunity for investors seeking immediate income with future growth potential. The property may also offer additional intensification possibilities, including the potential for another secondary dwelling unit or coach house/garden-suite-style development, subject to applicable zoning, planning, building code requirements, and municipal approvals. Buyer to independently verify all permitted uses and development potential.

EXTRAS: Water Heater

Last updated on : Tuesday 20th of October 2026 01:30:03 PM

ADDRESS

Street : 391 GREENWOOD AVENUE

City : Ottawa

Country : Canada

Postal Code : K2A0X4

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PROPERTY SUMMARY

Property ID : X13812090

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 6

Bathrooms : 3

Parking : 6

Parking Type: No Garage

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