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Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X9427687
Sold Date 10/09/24
Annual Tax Amount $3,228
Tax Year 2023
Property Description
Flooring: Tile, Flooring: Vinyl, 241 Ferland: Strategically located legal duplex, fully tenanted updated units that generate excellent cash flow ($2300 up mth to mth/$2000 down June 2024) & R4E Zoning. The property offers three beds and one bath upstairs, with 2 beds and one bath downstairs. The property has been extensively renovated and improved both inside and out with newer kitchens, updated bathrooms, insulation, witing, fixtures and far more. Located in an area that sees very high demand this could be an easy investment property to purchase and manage as you grow your real estate portfolio and increase your income over time with solid tenancies and the future appreciation in values near Beechwood. Featuring separate entrances, luxury vinyl flooring, updated kitchens and baths, recent windows, a metal roofing system and newer gas furnace. Building is a true investment property that is well priced and worth pursuing. $51,600 GOI/$43,692 NOI/Cap 7% RETURN*** Staggering 7% return on investment*****, Flooring: Hardwood
Location
Province ON
County Ottawa
Zoning R4
Rooms
Basement Full, Finished
Interior
Cooling None
Exterior
Garage Spaces 1.0
Roof Type Asphalt Shingle
Parking Type Surface
Total Parking Spaces 1
Building
Foundation Block
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