6 Beds 3 Bath

391 GREENWOOD Avenue, Carlingwood - Westboro and Area, ON K2A 0X4

Carlingwood - Westboro and Area K2A 0X4 Ontario

MLS: X9515687

$1,260,000

Added 85 days ago | For Sale

Listed by: INNOVATION REALTY LTD.

About Property

Welcome to this fully updated legal duplex with a permitted basement Secondary dwelling unit in the heart of Westboro of Ottawas most desirable neighbourhoods. Sitting on a wide 49' lot, this income-generating property features three spacious 2-bed/1-bath units, each with its own private driveway. With over $150K in recent renovations, including a luxury main-floor upgrade, excavated and structurally reinforced basement, and renovated second floor, this is a rare opportunity to own a low-maintenance, high-return asset. Steps from top schools, parks, trendy shops, westboro beach and transit, its ideal for savvy investors or multi-generational living. Fully tenanted with strong cash flow and a solid 5.2% cap rate, this is Westboro real estate done right. 2021 investments incl. luxuriously renovated Unit 1, improved entrance/common space, re-styled driveways & manicured grounds. Basement professionally excavated to increase ceiling height and reinforced with a structural buttress wall. All work completed with permits and inspections on file. Legal lower-level unit offers strong rental income potential, an excellent investment with lasting value. 2nd floor renovations (2024) new carpet on stairs ( 2024) electrical & plumbing (2023) , 3 new windows in the basement (2023). windows, roof )2019). Operionnal Surveillance system in the building ( 6 Cameras with DVR) included. shed included. Appealing cash flow, 3 meters; gas furnace, c/air, 2 hot water tanks, hardwood, vinyl windows throughout. Ideal for investors or seeking future multi-generational residence. All units currently tenanted. Shared coin laundry ( additional income ) Rents: Apt #1: $2250/m + hydro, Apt #2: 2150/m + hydro, Apt B: $2000/m . Exceptional opportunity in Ottawa's hottest neighbourhood! Set showing schedule +24hrs notice., Flooring: Hardwood, Flooring: Other (See Remarks)

Features

  • House Style:Duplex
  • Bathrooms:3
  • Land Size: 49.02 X 66
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Between Roosevelt and Melbourne, 1 block south of Dovercourt. Alternatively, Churchill west on Greenwood OR Carling north on Cole to east on Greenwoo
  • Basement:Full,Finished , Full,Finished
  • Possession Date:TBD
  • Annual Property taxes: $7521
  • Bedrooms:6
  • Total Parking Spaces:8
  • Parking Places:8
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X9515687

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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