241 Ferland Street Ottawa, Ontario K1L 7T5
$639,000
241 Ferland: Strategically located legal duplex, fully tenanted updated units that generate excellent cash flow ($2300 up/$2000 down) & 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 this property shows well and is very well maintained. This building is a true investment property that is well priced and worth pursuing. $51,600 GOI/$43,692 NOI/Cap 6.84%! ***6.84% RETURN*** (id:49712)
Property Details
| MLS® Number | 1391525 |
| Property Type | Multi-family |
| Neigbourhood | Beechwood Village |
| Community Name | Vanier |
| AmenitiesNearBy | Public Transit, Recreation Nearby, Shopping |
| ParkingSpaceTotal | 1 |
Building
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1955 |
| CoolingType | None |
| ExteriorFinish | Brick |
| FlooringType | Hardwood, Tile, Vinyl |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| CurrentUse | Development Residential |
| LandAmenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 50 Ft |
| SizeFrontage | 39 Ft ,11 In |
| SizeIrregular | 39.95 Ft X 50.01 Ft |
| SizeTotalText | 39.95 Ft X 50.01 Ft |
| ZoningDescription | R4 |
https://www.realtor.ca/real-estate/26882258/241-ferland-street-ottawa-beechwood-village
787 Bank St Unit 2nd Floor
Ottawa, Ontario K1S 3V5
(613) 422-8688
(613) 422-6200
ottawacentral.evrealestate.com/
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July 26 2024 08:12:29
Ottawa Real Estate Board
Engel & Volkers Ottawa
