Description
Looking for a great Income Property in Ottawa? We got a great one just listed for sale not far from Algonquin and just recently renovated into a high income 2 unit bungalow. Can be great high income producing rental or can you live in one unit and rent the other to help pay your mortgage
28 FAIRHILL CRES, Ottawa K2G 1B7
Listed For Sale at $869,880 MLS#1413186
Lot Size: 67 x 112 Feet
2 Legal Units
4 beds and 2 full bathrooms on each floor
Total yearly Income :86,700
Total Yearly Expenses: $17,187
Total Net Income: $69,513
ATTENTION INVESTORS! Here’s a golden opportunity to own a fully renovated, fully rented bungalow in the heart of Nepean, sitting on a large lot (67 x 112 feet). Fully legal 2 unit Bungalow with city permits with separate Hydro panels & meters. The upper level features 4 bedrooms, high end vinyl flooring, a bright and roomy living space with plenty of pot lights, an upgraded kitchen with quartz countertops, stackable laundry, and 2 luxurious full bathrooms. The lower level offers a separate entrance, 4 additional bedrooms, an open-concept living room, and a modernized kitchen with quartz counters, and another 2 full bathrooms. Both units are to be fully rented, generating $7225/monthly with separate utilities (2 hydrometers). All permits, plans, and inspections are on file. Situated within close to Algonquin College, parks, trails and transit. Great for investor looking for high income property or owner who wants to live in one unit and rent the other. Call us today! 7.9% cap rate
Contact us for full inclusions list, floor plans, income and expense report and more questions