214 Hannah Street Street Ottawa, Ontario K1L 7M7
$795,000
Renovated Legal Duplex Take advantage of a unique legal duplex opportunity before the spring market heats up! Whether youre an investor or looking for a home with rental income, this property combines modern renovations, strong financials & redevelopment potential. Property Features: 2 Units: Unit 1: Lower Unit Bright 2-bedroom unit rented at $1,790/month until May 2025. Separate Garage: Perfect for storage or additional rental income. Unit 2 (Vacant): Upper Unit Renovated 3-bedroom unit with modern finishes, rented at 1,990/month. Separately metered, tenants pay all utilities. Zoning: R4 excellent potential for redevelopment or future expansion. Why This Property is a Smart Buy: Investors: Gross Income: $45,360/year, Net income after expenses: $39,050. ROI: Solid 5% at the current list price. Homeowners: Move into the vacant unit and let rental income help with your mortgage! Financial Snapshot: Annual Property Taxes (2024): $4,678. Annual Insurance: $1,632, Flooring: Hardwood, Flooring: Laminate (id:49712)
Property Details
| MLS® Number | X10629536 |
| Property Type | Single Family |
| Neigbourhood | Vanier |
| Community Name | 3402 - Vanier |
| AmenitiesNearBy | Public Transit, Park |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| ExteriorFinish | Brick |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Baseboard Heaters |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Public Transit, Park |
| Sewer | Sanitary Sewer |
| SizeDepth | 66 Ft |
| SizeFrontage | 60 Ft |
| SizeIrregular | 60 X 66 Ft ; 0 |
| SizeTotalText | 60 X 66 Ft ; 0 |
| ZoningDescription | Residential |
https://www.realtor.ca/real-estate/27678751/214-hannah-street-street-ottawa-3402-vanier
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December 16 2024 02:29:18
Ottawa Real Estate Board
Exp Realty
