1824 Forman Avenue, Ottawa, Ontario, K2C1A8
Details
- 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
Description
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)
Rooms
| 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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