$ 999,000
2300 ELMIRA DRIVE Ottawa, ON K2C1H4
Save 
Share Schedule a Tour
REQUEST A TOUR
In-PersonVirtual Tour
REQUEST A TOUR
In-PersonVirtual Tour
$ 999,000
Est. payment | /mo
$ 999,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Parkway Park
MLS® Listing ID 1402831
Originating Board Ottawa Real Estate Board
Year Built 1961
Property Description
Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.7% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $81,564, and low expenses of $14,535 (utilities, insurance, prop tax and snow removal) for an NOI of $67,029, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city. (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Central air conditioning
Flooring Vinyl
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Listed by RE/MAX HALLMARK REALTY GROUP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "