1789 Cuba Ave

Ottawa, Ontario

$559,900

Duplex  |  Bungalow  |  Upper Unit (3 Bed / 1 Bath)  Lower Unit (3 bed / 1 Bath)

Property Description

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!  

mls#
1064279

Price
$559,900

Neighbourhood
Elmvale Acres

Style
Duplex

Type
Bungalow

Taxes
$3,858 (2017)

Year Built
1958

Lot Size
100 x 53

Bedrooms
4 (Upper – 3 / Lower -1)

Bathrooms
2 (Upper – 1 / Lower – 1)

Type Parking
Parking Surface

Total Parking
5

Heating
Forced Air

Fuel
Gas (Natural)

AC
Central (Upper unit)

Flooring
Tile, Laminate, Vinyl

Rented Equipment
NONE

Inclusions:
2 Washer, 2 Dryers, 2 Fridges, 2 Stoves, 2 Dishwasher, 2 Furnaces, 2 HWT, 2 MicroHood Fans
Exclusions:
Tenants Possessions.
 

1789 CUBA AVENUE, OTTAWA
$550,900
Income  Month Annual
Unit 1 (Upper) 1,495 17,940
Unit 2 (Lower) 955 11,940
Total Income $2,490 $29,880
Expenses (2014)
Property Tax 3,858
Insurance 1,083
Hydro 0
Gas 0
Water 895
Total Annual Expenses 5,836
Net Operating Income (NOI) $2,003 $24,044
List of Upgrades:

-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.

Notable Mentions:
-10 minute walk to Ottawa Hospital General Campus
-2 minute walk to Elmvale Shopping Centre (Soon to be redeveloped…even better).
Loblaws, Rexall Pharmacy, Home Hardware, LCBO, Beer Store, Ottawa Public Library, Starbucks, Pizza Pizza, Kelseys, etc)
-5 min drive to Queensway (down St. Laurent)
-Great transit connections (bus) to downtown and whole City
-Parking for up to 5 vehicles (tandem) or 3 with full in/out access
-Possible space for garage construction
shamirhome

Direct: 613.864.4212
Office: 613.236.5959

shamir@dayarealestate.com

Shamir Daya

Sales Representative
I offer exceptional representation in all aspects of real estate investment and development. I insist on providing first class service to my clients, from initial consultation to closing. I strongly believe that understanding my client’s needs is essential to the organization of any real estate acquisition or sale.

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.


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