Welcome to this wonderfully designed LEGAL SDU home that maximizes your returns at a 6.7% CAP when self-managed. Each unit has 4 bedrooms and 3 bathrooms (2 ensuites and 1 shared), as well as laundry, allowing for comfort and convenience for its residents. Not only was the interior fully renovated in 2021 with permits, but the home's main systems were upgraded as well including roof, mechanicals, electrical, plumbing, flooring, windows, and bathrooms, offering a fresh and contemporary feel throughout. Located in Parkway Park, this home provides easy access to transit, trails, parks, major stores, top-rated schools, restaurants, and Algonquin College. This prime location ensures all your needs are met within a short distance. With a gross income of $81,564, and low expenses of $14,535 (utilities, insurance, prop tax and snow removal) for an NOI of $67,029, the investment opportunity at 2300 Elmira is undeniable as it provides some of the best returns you can find in the city. (id:2493)
Data was last updated October 5, 2024 at 09:45 AM (UTC)
Area Statistics
Listings on market:
76
Avg list price:
$1,424,000
Min list price:
$624,900
Max list price:
$4,795,000
Avg days on market:
119
Min days on market:
62
Max days on market:
393
These statistics are generated based on the current listing's property type
and located in
Ottawa. Average values are
derived using median calculations.
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