Investment Opportunity in downtown Ottawa!

Nepean, ON K2J 5S2
$539,900
For Sale
  • Nepean, ON K2J 5S2
  • 539,900

Description

Welcome to 36 Primrose Ave.!!! A duplex in a prime location with R4H zoning, offering a fantastic opportunity for investors and developers. This property features two separate, self-contained units, each with its own entrance, presenting a range of potential uses.

PROPERTY HIGHLIGHTS Unit 1 (Main Level): This unit includes a spacious bedroom, a full bath, a kitchen, and a finished basement with an additional full bath, ideal for use as an office or extra living space. Unit 2 (Upper Level): Featuring a bedroom, a full bath, and a well-equipped kitchen. LOCATION BENEFITS - Situated just a few blocks from Lebreton Flats and the downtown core - Close proximity to retail shops, parks, LRT stations, bike paths, public transit, Chinatown, Little Italy, and St. Vincent Hospital - Perfect for professionals working in downtown Ottawa

INVESTMENT POTENTIAL Rent out both units, live in one and rent the other, or explore short-term rental. The property can easily be converted into a single-family home or maintained as a profitable income property .

CURRENT TENANCY Unit 1: 1 bedroom, 1 den, 2 full baths, rented at $1,400/month (month-to-month). Tenants are interested in staying. Unit 2: 1 bedroom, 1 bath, rented at $1,350/month (month-to-month). Tenants are interested in staying.

ADDITIONAL DETAILS Lot Size: 38.39 ft x 22.25 ft Built: 1945 Roof: Replaced in 2019 Furnace: Installed in 2008

ROOM MEASUREMENTS
Unit 1: Bedroom: 8.9 ft x 12.7 ft Family Room: 11.5 ft x 12.8 ft Kitchen: 11 ft x 7.2 ft Bath 1: 2.5 ft x 6.1 ft Basement: 11.8 ft x 12.10 ft Bath 2: 4.10 ft x 3.9 ft

Unit 2: Bedroom: 8.9 ft x 10.2 ft Family Room: 7.6 ft x 12.10 ft Kitchen: 10.2 ft x 9.5 ft Bathroom: 4.11 ft x 4.6 ft Note:

The property is currently tenant-occupied, so a 24-hour notice is required for all showings. Don’t miss out on this versatile property with incredible potential. Contact Stacey Tran @ 613-302-6485 to schedule a viewing.

Note: Pictures was taken before Tenants moved in.

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Details

  • Bathrooms: 3
  • Bedrooms: 2
  • For Sale By: Owner

Location

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