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    For Sale - 391 Greenwood Avenue, Carlingwood - Westboro and Area, Ontario

    Est payment $5,762/mo
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    Time on Jump  25 day

    AI Summary *

    • Fully updated all-brick legal duplex in a sought-after Ottawa neighborhood.
    • Three self-contained two-bedroom units offering strong rental income potential.
    • Separate hydro meters and air conditioning for each unit enhance comfort.
    • Generous lot with two driveways providing ample parking for tenants.
    • Potential for future growth with possibilities for additional dwelling units.




    Prime westboro income opportunity! An exceptional chance to own a fully updated, all-brick legal duplex with a fully permitted basement secondary dwelling unit, offering three self-contained two-bedroom units in one of ottawa's most sought-after urban neighbourhoods. Set on a generous 49. 02' x 66. 0' lot, this income property combines strong cash flow, quality upgrades, and long-term upside. Each unit is separately hydro-metered and equipped with air conditioning, while two driveways provide valuable on-site parking for all the tenants. The property generates approximately $80,400 in annual gross rental income. Based on seller-provided operating expenses, the estimated net operating income is approximately $60,775. 63 per year, representing an estimated 5. 07% cap rate. With refreshed interiors, solid in-place income, and a premium westboro location close to shops, transit, parks, schools, beach and everyday amenities, this is a compelling opportunity for investors seeking immediate income with future growth potential. The property may also offer additional intensification possibilities, including the potential for another secondary dwelling unit or coach house/garden-suite-style development, subject to applicable zoning, planning, building code requirements, and municipal approvals. Buyer to independently verify all permitted uses and development potential. Ps: the listing photos are of apartment #1 only and were taken before the tenants moved in. Apartment #2 offers a similar layout and finish. The basement unit is approximately 200 sq. Ft. Smaller than the other units and includes two bedrooms, a full bathroom, kitchenette, living room, furnace room, mechanical room, and laundry room.
    Listing IDX13812090
    Address391 Greenwood Avenue
    CityCarlingwood - Westboro and Area, Ontario
    Price$1,199,999
    Bed / Bath6 / 3 Full
    Style2-Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Carpet Free, Separate Hydro Meter, Sump Pump, Water HeaterOwnership FreeholdBasement Separate EntranceFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Brokerage: INNOVATION REALTY LTD.

    * 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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    391 Greenwood Avenue
    Carlingwood - Westboro and Area , Ontario
    6 3 $1,199,999
    Get more info