2300 ELMIRA DRIVE Active Save Request In-Person Tour Request Virtual Tour
Ottawa,ON K2C1H4
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Parkway Park
MLS Listing ID 1419451
Style Bungalow
Bedrooms 8
Year Built 1961
Property Description
Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.9% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $81,564, and low expenses of $14535 (utilities, insurance, prop tax and snow removal) for an NOI of $67329, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city. (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Central air conditioning
Flooring Vinyl
Exterior
Garage No
Waterfront No
View Y/N No
Building
Story 1
Sewer Municipal sewage system