$ 795,000
214 HANNAH STREET STREET Ottawa, ON K1L7M7
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$ 795,000
Est. payment | /mo
$ 795,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Vanier
MLS® Listing ID 1421204
Originating Board Ottawa Real Estate Board
Year Built 1960
Property Description
Renovated Legal Duplex – Take advantage of a unique legal duplex opportunity before the spring market heats up! Whether you’re 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 to long-term tenants. Separate Garage: Perfect for storage or additional rental income. Unit 2 (Vacant): Upper Unit Renovated 3-bedroom unit with modern finishes, ready to rent at a projected $2,300/month, or ideal for owner-occupancy. Separately metered, tenants pay all utilities. Zoning: R4 – excellent potential for redevelopment or future expansion. Why This Property is a Smart Buy: • Investors: Net Income: $42,770/year. ROI: Solid 5.5% 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 (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters, Hot water radiator heat
Cooling None
Flooring Hardwood, Laminate
Exterior
Garage Yes
Fence Fenced yard
Waterfront No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Listed by EXP REALTY