Description
Incredible cashflow opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.5% CAP RATE. Fully renovated and SDU added in 2020. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $6,000 monthly or $72,000 annually. Incredibly efficient boiler heating and low taxes result in expenses adding up to only ~$13,610. NET OPERATING INCOME $58,390. Monthly CASH FLOW approx. $1,000 even at current interest rates! Prove your investment acumen and show other investors that you CAN cashflow a renovated Ottawa property $1,000/month at current rates. If rates go down to 3% cashflow becomes $2,000+. With growing rental income you could cashflow over $1 million during a 30-year ownership. At only 4% value growth per year, resale could be approx. $2.92 million. Attached garage holds opportunity for additional income. Sold furnished. (id:2469)
Amenities
Public Transit, Recreation Nearby, Shopping
Listing Provided By
KELLER WILLIAMS INTEGRITY REALTY
Neighborhood Info
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Property Details
Real Estate Listing
Provided by:
- Angela Bianchet
- Phone: 613- 755- 2278
- Mobile: 613 884 6182
- Email: angela@angelab.ca
- Innovation Realty
- 8221-B Campeau Drive
- Kanata, ON
- K2T 0A2