| Bathrooms2 | Bedrooms6 |
| Property TypeSingle Family | Built in1960 |
|
RARE OFFERED INVESTMENT OPPORTUNITY - GREATER THAN 5% CAPITALIZATION RATE. See attached document. 1824 Forman Avenue is located in the prestigious Bel-Air Heights with an incredible location being only a 6 minute walk to Algonquin College. This bungalow has been converted to a LEGAL SECONDARY DWELLING in 2021 with all the proper channels followed. The upper unit is rented at $2400 + hydro until April 1st 2023, and the lower unit is rented at $2200 + hydro until August 1st 2023 (separate 100 amp panels). Amazing tenants in both units (2 leases total). Each unit has 3 bedrooms 1 bathroom, 2 parking spots, private deck and own laundry. Massive $55,200 annual income (with potential to increase + parking rental), with $45,986 net. An investor or end users dream. Amazing opportunity to add a turnkey investment to your portfolio with little maintenance. SDU 2021, Upstairs Reno 2021, Roof 2010, furnace 2014, A/C 2014, HWT 2022, Downspouts, Gutter Helms 2022, fence 2021 (id:46094) Please visit : Multimedia link for more photos and information |
| OwnershipFreehold | Parking Spaces4 |
| TransactionFor sale | Zoning DescriptionResidential |
| Bedrooms Main level3 | Bedrooms Lower level3 |
| AppliancesRefrigerator, Dishwasher, Dryer, Microwave, Stove, Washer | Architectural StyleBungalow |
| Basement DevelopmentFinished | BasementFull (Finished) |
| Constructed Date1960 | Construction Style AttachmentDetached |
| CoolingCentral air conditioning | Exterior FinishBrick |
| Fire ProtectionSmoke Detectors | FlooringHardwood, Vinyl |
| FoundationPoured Concrete | Bathrooms (Half)0 |
| Bathrooms (Total)2 | Heating FuelNatural gas |
| HeatingForced air | Storeys Total1 |
| TypeHouse | Utility WaterMunicipal water |
| Size Frontage55 ft | SewerMunicipal sewage system |
| Size Depth86 ft ,2 in | Size Irregular54.99 ft X 86.16 ft (Irregular Lot) |
| Level | Type | Dimensions |
|---|---|---|
| Lower level | Living room | 14 ft x Measurements not available |
| Lower level | Kitchen | 10 ft x Measurements not available |
| Lower level | Bedroom | 14 ft x Measurements not available |
| Lower level | Bedroom | 9'9 x 10'1 |
| Lower level | Bedroom | Measurements not available x 11 ft |
| Lower level | 3pc Bathroom | 11'4 x 7'2 |
| Main level | Living room/Fireplace | 13'6 x 9'2 |
| Main level | 3pc Bathroom | 6'11 x 6'6 |
| Main level | Dining room | 12'4 x 9'7 |
| Main level | Bedroom | 11 ft x Measurements not available |
| Main level | Bedroom | 10'7 x 10'3 |
| Main level | Bedroom | 18 ft x Measurements not available |
| Main level | Kitchen | 13'6 x 9'6 |
Listing Office: EXP REALTY
Data Provided by Ottawa Real Estate Board
Last Modified :08/01/2023 06:10:58 PM
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