Duplex | Bungalow | Upper Unit (3 Bed / 1 Bath) Lower Unit (3 bed / 1 Bath)
Incredible opportunity to own an extremely well situated 2 unit bungalow in the heart of Elmvale Acres. This investment property features two large completely and tastefully renovated apartments (Upper – 3 bed / Lower 1 bed). All work done with permits and with no expenses spared. 2 hydro meters, 2 furnaces, 2 HWT. In-suite laundry in both units. Only landlord expense is water, insurance & taxes. Not to be overlooked is expansive driveway with 5 parking spots and option to build garage. 82 Walkscore in this renters paradise. 2 min walk to the soon to be redeveloped Elmvale Shopping Centre. 10 min walk to the General Hospital. Both tenants are looking to stay after their leases expire in August/September. Ideal to owner occupy, WALK to work and build your investment portfolio! Own a large corner lot in the heart of the City and have two tenants pay down your mortgage!
100 x 53
4 (Upper – 3 / Lower -1)
2 (Upper – 1 / Lower – 1)
Central (Upper unit)
Tile, Laminate, Vinyl
2 Washer, 2 Dryers, 2 Fridges, 2 Stoves, 2 Dishwasher, 2 Furnaces, 2 HWT, 2 MicroHood Fans
|1789 CUBA AVENUE, OTTAWA|
|Unit 1 (Upper)||1,495||17,940|
|Unit 2 (Lower)||955||11,940|
|Total Annual Expenses||5,836|
|Net Operating Income (NOI)||$2,003||$24,044|
-Legal Secondary suite with Permit and Occupancy from City of Ottawa. Two fully self-contained units with separate civic addresses (aka duplex). Both suites 100% fully renovated top to bottom (basement unit was a complete gut and re-build).
-Sub metered gas and electricity for both units (each unit has its electrical panel in-suite). Only LL utility cost is water
-(2016) Windows and Doors throughout – life time warranty
-(2016) Frigidaire S/S appliances throughout
-(2016) Frigidaire Washer/Dryers in each suite
-(2016) Custom kitchens
-(2016) Furnace for downstairs unit
-Existing furnace and A/C for upstairs unit approx. 5 years old.
-(2016) floors (laminate + ceramic upstairs, vinyl downstairs)
-DRIcore engineered underlay throughout basement unit
-(2016) Ceramic floors upstairs and new ceramic kitchen and bath tiling (backsplashes, tub surround) in both units
-(2016) lighting and electrical throughout
-(2016) Visual/Audible Smoke+CO (hardwired) in each suite
-(2016) plumbing throughout
-(2016) railings on front walkway
-(2016) porch entrance for downstairs unit
-(2017) curb at front
-Roof approx. 10 years old
-Zoned R2F (includes Semis, Duplex, etc). Big Lot.
As a leading real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground. The real estate industry today is constantly evolving, and you need a professional who understands this diversity and is positioned to stay ahead of the game.