151 KNOXDALE ROAD
Ottawa, Ontario K2G1B1

$859,900

ID# 1387634

Incredible cashflow opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.5% CAP RATE. Fully renovated and SDU added in 2020. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $6,000 monthly or $72,000 annually. Incredibly efficient boiler heating and low taxes result in expenses adding up to only ~$13,610. NET OPERATING INCOME $58,390. Monthly CASH FLOW approx. $1,000 even at current interest rates! Prove your investment acumen and show other investors that you CAN cashflow a renovated Ottawa property $1,000/month at current rates. If rates go down to 3% cashflow becomes $2,000+. With growing rental income you could cashflow over $1 million during a 30-year ownership. At only 4% value growth per year, resale could be approx. $2.92 million. Attached garage holds opportunity for additional income. Sold furnished. (id:43993)

8 Bedroom 4 Bathroom

Wall unit Hot water radiator heat Radiant heat

151 KNOXDALE ROAD

Bathroom Total	4
Bedrooms Total	8
Half Bathrooms Total	0
Year Built	1967
Cooling Type	Wall unit
Flooring Type	Vinyl, Ceramic
Heating Type	Hot water radiator heat, Radiant heat
Heating Fuel	Natural gas
Stories Total	1

Courtesy of KELLER WILLIAMS INTEGRITY REALTY
Listed on: April 22, 2024

On market: 25 days

Kitchen	Lower level	12'11" x 9'0"
Living room	Lower level	13'3" x 11'5"
Dining room	Lower level	13'2" x 7'10"
Bedroom	Lower level	12'1" x 11'8"
Bedroom	Lower level	12'7" x 10'0"
Bedroom	Lower level	13'3" x 8'6"
Bedroom	Lower level	10'6" x 9'11"
3pc Bathroom	Lower level	Measurements not available
3pc Bathroom	Lower level	Measurements not available
Kitchen	Main level	12'2" x 9'7"
Living room	Main level	16'1" x 13'11"
Bedroom	Main level	10'11" x 10'0"
Bedroom	Main level	11'10" x 10'7"
Bedroom	Main level	11'7" x 9'9"
Bedroom	Main level	10'0" x 8'4"
3pc Bathroom	Main level	Measurements not available
3pc Bathroom	Main level	Measurements not available