Fantastic Investment opportunity with a STRONG CAP RATE! Legal duplex on a large 50x100 ft lot with R4UA-c zoning. Strong rental income with Gross Operating Income of $55,500/year. Unit 1: 3 bed/1 bath rented at $1,925/month (plus hydro). Unit 2: 4 bed/4 bath rented at $2,700/month (all inclusive). Endless flexibility to rent, renovate, or redevelop. Rare land assembly potential with neighbouring 250, 256, and 258 Hannah also available, combine for total lot size of 180x100 ft -- (18000 Sq.Ft. ). Own the block, collect the income, and control the future. Great upside in an evolving neighbourhood. (id:4069)
Address
244 HANNAH STREET
List Price
$699,000
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
sale
Area
Ontario
Sub-Area
Ottawa
Bedrooms
7
Bathrooms
5
Floor Area
11,001,500 Sq. Ft.
Lot Size
50 x 100 FT Sq. Ft.
MLS® Number
X12314286
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
Crawl space
Postal Code
K1L7N2
Zoning
R4UA-c
