Space
Finished area and layout
- Square Feet
- 1,100-1,500 sqft
- Bedrooms
- 10
- Bathrooms
- 4





Property Snapshot
MLS #X14028688
Finished area and layout
Type, style and structure
This 10-bedroom, 4-bathroom detached in Elmvale Acres And Area offers 1,100-1,500 sqft of square feet on a 10,080 sqft lot. 1 storey. The property has lot dimensions of 67.2 x 152.7 FT ; Corner lot, zoned CM2[2208] H(20) - Minor Corridor Zone 2. The home features central air, a finished, separate entrance, full, apartment basement, a fireplace. Highlights include a none pool.
Exceptional income producing property with strong cash flow and significant future redevelopment potential. Situated on a large 153 ft. x 67 ft. corner lot with access from two sides, this fully tenanted property is ideally located along St. Laurent Boulevard and offers a rare combination of immediate income and long term upside. The property features 10 bedrooms and 3.5 bathrooms and generates approximately $91,872 in annual rental income, with a reported Net Operating Income of approximately $62,900 per year. Located in a high demand rental area close to CHEO, the Ottawa General Hospital, transit, shopping and everyday amenities, the property offers flexibility for investors looking to continue operating it as a strong cash flowing rental while exploring future redevelopment opportunities. The anticipated new zoning is CM2, which is expected to permit higher density development with building heights of up to approximately 20 metres. Whether your strategy is to hold for income, reposition the property, or plan for future redevelopment, this is a compelling opportunity in a well located and evolving area of Ottawa. Buyers are advised to independently verify zoning, permitted uses, development potential and all financial information (id:60351)
St. Laurent Blvd to Tawney Road
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Land, frontage and setting
Price, taxes and monthly charges
Listed by Sorin Vaduva, ROYAL LEPAGE INTEGRITY REALTY
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Listed by Sorin Vaduva, ROYAL LEPAGE INTEGRITY REALTY · MLS# X14028688
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