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Westboro - Hampton Park,ON K1Z 5N4
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9515279
Style Unknown
Annual Tax Amount $7,834
Tax Year 2023
Property Description
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 net 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 today to secure your chance at this prime Westboro investment.
Location
Province ON
County Ottawa
Area 5002 - Westboro South
Rooms
Family Room No
Interior
Cooling Unknown
Exterior
Garage Unknown
Pool None
Roof Type Unknown
Others
Pets Description Unknown