1048 Richard Avenue Ottawa, Ontario K1H 8C4
$949,000
INVESTOR'S DREAM LOCATION & HIGHER CASH FLOW is what you can expect from this duplex (one of the largest in the area). Perfectly situated in the desirable part of the neighborhood means higher asset appreciation & easy rentability- STEPS TO transit, Carleton U, shopping & recreation (Billings Bridge Mall, Bank Street and Lansdowne Park with it's re-vamped vibrant entertainment district, with markets, concerts, sporting events, restaurants & bars.) Heron Park (only 4 houses down) offers greenspace & access to the Rideau River Pathway. Currently, 2 units (3 BED/1 BATH) with POTENTIAL to turn both units into 4 BEDRM units and to easily turn the lower level into a one BEDRM APT. These units are bright, extremely spacious and offer immaculate indoor & outdoor spaces. They can be rented at today's strong rental market value (no more assuming under-market rents), you will achieve TOP DOLLAR from day one. PROJECTED CASH FLOW of $7600/ MTH before expenses. Call TODAY for a private viewing! (id:42003)
Property Details
| MLS® Number | 1348924 |
| Property Type | Multi-family |
| Neigbourhood | Billings Bridge |
| Amenities Near By | Airport, Public Transit, Recreation Nearby, Shopping |
| Features | Balcony |
| Parking Space Total | 4 |
Building
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Constructed Date | 1960 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Flooring Type | Hardwood, Tile |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Airport, Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 100 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 Ft X 100 Ft |
| Size Total Text | 50 Ft X 100 Ft |
| Zoning Description | R3a |
https://www.realtor.ca/real-estate/25758258/1048-richard-avenue-ottawa-billings-bridge
Contact Us
Contact us for more information
Todd Lyons
Salesperson
www.ottawapowerhouse.com
700 Eagleson Road, Suite 105
Ottawa, Ontario K2M 2G9
(613) 663-2720
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June 25 2023 07:11:00
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group
