344 Tweedsmuir Ave, Ottawa, ON K1Z 5N4

Do you want to move to a condo but don't want to pay hefty condo fees? Do you dislike living in a high rise building? Are you looking for a comfortable size unit where you can enjoy every aspect of life? Look no further! This unique property is BUILDING PERMIT READY for a 6 UNIT BUILDING. It consists of two LUXURIOUS 3 bdrm + den, 2.5 bath w/ in unit storage (1850 sqft each), ideal for owner occupancy; one 2 bdrm; one 1bdrm + den and two 1 bdrm. Some unique features include 9' ceilings, large sunlit windows, New York style ELEVATOR, ROOF TOP, PARKING & BIKE / GARBAGE SHED in the BACK. It is ideally situated in the high demand area of Westboro, well known for luxury living and steps away from all amenities, transitway and Westboro Beach. Prime West facing lot, 52FT x 107 FT w/ R4UB Zoning offers multiple opportunities. Otherwise the zoning allows up to 12 units, so the possibilities are endless. Just dare to dream and make it happen, you'll be glad you did it.

Seize this rare opportunity to build a lucrative investment property in the heart of Westboro. Whether you choose to proceed w/ the approved 6-unit building or explore the potential for up to 12 units in it's R4UB zoning, this property offers unparalleled possibilities. The approved architectural plans include 9' ceilings, large sunlit windows, an elevator for convenience, a rooftop space for relaxation, dedicated parking, and a bike/garbage shed in the back. Unit Breakdown:Two luxurious 3-bedroom + den, 2.5-bath units w/ in-unit storage (each 1850 sqft) ideal to live in; One 2-bedroom unit; One 1-bedroom + den unit & Two 1-bedroom units. W/ a strategic unit mix, the projected annual rental income is an impressive $256,800. After a 20% projected expense of $38,520, the expected NOI is $218,280, reflecting a solid 5.5% cap rate w/ potential for growth. It provides immediate income while you plan for the future. Act now to secure this prime Westboro investment. Some pics virtually staged, Flooring: Hardwood