New property listed in Ottawa

I have listed a new property at 68 ROCHESTER Street in Ottawa. See details here

Benefit from a 2.04% ASSUMABLE MORTGAGE for the next 2 years! INVESTORS: Rarely offered 5.52% Cap Rate! Annual Gross Income of $58,800 split between 2 renovated, turnkey and LEGAL separate units. Both units are owner-occupied. Each is 2 Bed / 1 Bath with market rents of $2,450+ Hydro. $250k+ of renovations. The thoughtful construction of these units emphasizes style, functionality, and longevity. Features include separate Hydro meters, a 2020 Furnace & AC, 2011 windows, stunning quartz countertops, brand-new appliances, and in-suite laundry. This combination ensures a high-yield, low-expense, and minimal-maintenance investment, with a projected NOI of $47,969 & $1072 monthly cashflow. SAVVY HOMEOWNERS: Owner-occupy either unit and have the other unit pay 80% of the mortgage. Nestled in a premier A++ locale, future tenants will be minutes away from Lebreton Flats, LRT, Little Italy, Downtown, and a myriad of restaurants, cafés, and parks. This property is truly a renter's paradise! (id:2493)