391 Greenwood Avenue

Property facts

Price

$1,199,999

Type

triplex

Bedrooms

6

Bathrooms

3

MLS®

X13812090

Status

active

Brokerage

INNOVATION REALTY LTD.

About this home

Discover an excellent investment opportunity in sought-after Westboro! This all-brick property features three permitted, self-contained two-bedroom residential units, offering an attractive combination of location, rental income, and long-term investment potential. With approximately $81,600 in seller-reported annual gross rental income, the property presents an opportunity for investors seeking an established rental property or owner-occupiers looking to benefit from additional rental income. The building consists of a legal duplex complemented by a permitted basement secondary dwelling unit. The basement suite features a simpler, more functional finish than the upper apartments, adding versatility to the property's rental configuration. Situated on a 49.02' x 66' lot, the property features separate hydro meters, air conditioning, two driveways, coin-operated laundry, a six-camera surveillance system with DVR and a storage shed. Recent reported improvements include heating equipment, windows, electrical and plumbing upgrades, and renovations to the upper apartments. Enjoy a prime Westboro location close to shopping, restaurants, schools, public transit, parks and recreational amenities. An established multi-unit income property in one of Ottawa's most desirable neighbourhoods. Financial and property information available for review.

Location