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Listing Details
Return to Search Result151 KNOXDALE ROAD - MLS® # 1387634
Property Details
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
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- Angelo Toscano
- 613.830.0000
- 613.830.0000
- team@toscanoteam.com
- RE/MAX DELTA REALTY TEAM
- 2316 St Joseph Blvd
- Orleans, ON
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