1824 Forman Avenue, Ottawa, Ontario, K2C1A8


  • Listing ID: 1325910
  • Price: $899,999
  • Address: 1824 Forman Avenue, Ottawa, Ontario K2C1A8
  • Neighbourhood: Bel Air Heights
  • Bedrooms: 6
  • Full Bathrooms: 2
  • Year Built: 1960
  • Stories: 1
  • Property Type: Single Family
  • Heating: Natural Gas


RARE OFFERED INVESTMENT OPPORTUNITY – GREATER THAN 5% CAPITALIZATION RATE. See attached document. 1824 Forman Avenue is located in the prestigious Bel-Air Heights with an incredible location being only a 6 minute walk to Algonquin College. This bungalow has been converted to a LEGAL SECONDARY DWELLING in 2021 with all the proper channels followed. The upper unit is rented at $2400 + hydro until April 1st 2023, and the lower unit is rented at $2200 + hydro until August 1st 2023 (separate 100 amp panels). Amazing tenants in both units (2 leases total). Each unit has 3 bedrooms 1 bathroom, 2 parking spots, private deck and own laundry. Massive $55,200 annual income (with potential to increase + parking rental), with $45,986 net. An investor or end users dream. Amazing opportunity to add a turnkey investment to your portfolio with little maintenance. SDU 2021, Upstairs Reno 2021, Roof 2010, furnace 2014, A/C 2014, HWT 2022, Downspouts, Gutter Helms 2022, fence 2021 (id:22130)


Level Room Dimensions
Main level 3pc Bathroom 6'11 x 6'6
Bedroom 10'7 x 10'3
Bedroom 11 ft x Measurements not available
Bedroom 18 ft x Measurements not available
Dining room 12'4 x 9'7
Kitchen 13'6 x 9'6
Living room/Fireplace 13'6 x 9'2
Lower level 3pc Bathroom 11'4 x 7'2
Bedroom 14 ft x Measurements not available
Bedroom 9'9 x 10'1
Bedroom Measurements not available x 11 ft
Kitchen 10 ft x Measurements not available
Living room 14 ft x Measurements not available

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