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$649,900
Est. payment /mo
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision 6303 - Queensway Terrace South/Ridgeview
MLS Listing ID X12984340
Style Bungalow
Bedrooms 5
Annual Tax Amount $4,513
Tax Year 2025
Property Sub-Type Detached
Property Description
Freshly painted bungalow in a prime location, within walking distance to the Baseline bus stop, offering unbeatable convenience! Ideal for first-time buyers or investors, this property presents a fantastic opportunity to own a dual-income home with strong cash flow potential. Featuring two separate units: the upper unit offers 3 bedrooms, a renovated kitchen with NEW stove (2024), and a full bathroom with NEW washer/dryer (2024); the fully finished basement unit includes 2 bedrooms with egress windows (installed 2021), a modern NEW kitchen (2024), full bathroom, separate laundry, storage space, and an independent electric sub-panel (2024). Additional upgrades include a NEW hydro meter (2024) and separate entrances, including a convenient side entrance under the carport. Property includes 2 washers, 2 dryers, 2 stoves, 2 hood fans, and 1 microwave. Both units are currently rented-upstairs at $2,150/month and basement at $1,600/month (utilities extra), generating $3,750/month ($45,000 annually) in gross income. With estimated expenses including property taxes ($4,600), insurance ($1,200), maintenance ($2,400), and a 5% vacancy allowance, the property delivers an approximate net operating income of $34,550 and a cap rate of ~5.3% at the asking price of $650,000, making it a solid and stable income-generating investment. Vacant possession available with proper notice-don't miss this incredible opportunity!
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room Yes
Basement Apartment
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Countertop Range, Primary Bedroom - Main Floor, Water Heater Owned, In-Law Capability
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Year Round Living
Parking Features Available, None
Pool None
Roof Type Asphalt Shingle
Lot Frontage 49.94
Lot Depth 99.88
Total Parking Spaces 4
Building
Foundation Block
Others
ParcelsYN No
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Listed by RIGHT AT HOME REALTY
NEARBY SCHOOL & BUSINESS
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