1824 Forman Avenue Ottawa, Ontario K2C 1A8
$899,999
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:19066)
Property Details
| MLS® Number | 1325910 |
| Parking Space Total | 4 |
| Property Type | Single Family |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 6 |
| Appliances | Refrigerator, Dishwasher, Dryer, Microwave, Stove, Washer |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1960 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Fireplace Present | No |
| Flooring Type | Hardwood, Vinyl |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Type | House |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 86 Ft ,2 In |
| Size Frontage | 55 Ft |
| Size Irregular | 54.99 Ft X 86.16 Ft (irregular Lot) |
| Size Total Text | 54.99 Ft X 86.16 Ft (irregular Lot) |
| Zoning Description | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Living Room | 14 ft | 14 ft x Measurements not available | |
| Lower Level | Kitchen | 10 ft | 10 ft x Measurements not available | |
| Lower Level | Bedroom | 14 ft | 14 ft x Measurements not available | |
| Lower Level | Bedroom | 9'9 x 10'1 | ||
| Lower Level | Bedroom | 11 ft | Measurements not available x 11 ft | |
| Lower Level | 3pc Bathroom | 11'4 x 7'2 | ||
| Main Level | Living Room/fireplace | 13'6 x 9'2 | ||
| Main Level | 3pc Bathroom | 6'11 x 6'6 | ||
| Main Level | Dining Room | 12'4 x 9'7 | ||
| Main Level | Bedroom | 11 ft | 11 ft x Measurements not available | |
| Main Level | Bedroom | 10'7 x 10'3 | ||
| Main Level | Bedroom | 18 ft | 18 ft x Measurements not available | |
| Main Level | Kitchen | 13'6 x 9'6 |
https://www.realtor.ca/real-estate/25170213/1824-forman-avenue-ottawa-bel-air-heights
Interested?
Contact us for more information
Nick Doumkos
Salesperson
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4
(866) 530-7737
(647) 849-3180
www.exprealty.ca
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association
Ottawa Real Estate Board
Exp Realty
25170213
January 08 2023 11:10:58
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Thanks for your interest. I look forward to hearing from you.
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