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    For Sale - 1152 Tawney Road, Elmvale Acres and Area, Ontario

    Est payment $5,286/mo
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    Views   2
    Time on Jump  10 day

    AI Summary *

    • Income-producing property with strong cash flow and redevelopment potential.
    • Located on a large corner lot with dual access for convenience.
    • Fully tenanted with 10 bedrooms and 3.5 bathrooms, generating $91,872 annually.
    • In high demand rental area near hospitals, transit, and shopping.
    • New zoning expected to allow for higher density development opportunities.




    Exceptional income producing property with strong cash flow and significant future redevelopment potential. Situated on a large 153 ft. X 67 ft. Corner lot with access from two sides, this fully tenanted property is ideally located along st. Laurent boulevard and offers a rare combination of immediate income and long term upside. The property features 10 bedrooms and 3. 5 bathrooms and generates approximately $91,872 in annual rental income, with a reported net operating income of approximately $62,900 per year. Located in a high demand rental area close to cheo, the ottawa general hospital, transit, shopping and everyday amenities, the property offers flexibility for investors looking to continue operating it as a strong cash flowing rental while exploring future redevelopment opportunities. The anticipated new zoning is cm2, which is expected to permit higher density development with building heights of up to approximately 20 metres. Whether your strategy is to hold for income, reposition the property, or plan for future redevelopment, this is a compelling opportunity in a well located and evolving area of ottawa. Buyers are advised to independently verify zoning, permitted uses, development potential and all financial information
    Listing IDX14028688
    Address1152 Tawney Road
    CityElmvale Acres and Area, Ontario
    Price$1,100,880
    Bed / Bath10 / 4 Full
    StyleBungalow, Detached
    ConstructionBrick, Vinyl Siding
    Land Size10080
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Accessory Apartment, On Demand Water Heater, Water Heater OwnedOutdoor Features DeckAmenities Fenced Yard, Public Transit, Rec./Commun.Centre, SchoolOwnership FreeholdBasement Finished, Separate Entrance, Full, ApartmentFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Brokerage: ROYAL LEPAGE INTEGRITY REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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