$850,000

340 Poulin Avenue, Ottawa, Ontario, K2B5V1

Details

  • Listing ID: 1306293
  • Price: $850,000
  • Address: 340 Poulin Avenue, Ottawa, Ontario K2B5V1
  • Neighbourhood: Britannia
  • Property Type: Vacant Land

Description

PERMIT READY PROJECT on corner lot in trendy walkable Britannia Bay. Steps to the yacht club, beach, grocery (300m), and LRT (700m). 100′ of frontage along Conn street. Includes rentable single family home. Severances and drawings in place for a cash flowing four unit (two semis with basement units). Projected net income: $101,000. Projected gross construction margin: $295,000. 5-year IRR > 20%. Yield on cost > 5.5% *ALL DRAWINGS INCLUDED*. Second position *VTB AVAILABLE*. (id:22130)

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