151 KNOXDALE Rd
FOR SALE
$849,900
Terminated
$0
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4 + 4
BEDROOMS4
BATHROOMS2
KITCHENS17
ROOMSX9448944
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-23 | 2024-08-31 | 39 | $849,900 | - | Terminated |
| 2024-04-22 | 2024-07-23 | 92 | $849,900 | - | Terminated |
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Property Description
Flooring: Vinyl, Flooring: Ceramic, Incredible Cashflow (~$1,500 Per Month!) Opportunity In Manordale (Nepean) Near Algonquin College! Fully Tenanted At $6,000 Monthly Income And A 6.87% Cap Rate. Fully Renovated And Sdu Added In 2020. 8 Bedrooms And 4 Full Bathrooms Split Between 2 Legal Separate Dwelling Units In A Sprawling Bungalow. Exceeds 2400Sqft As Per Mpac. Gross Income $6,000 Monthly Or $72,000 Annually. Incredibly Efficient Boiler Heating And Low Taxes Result In Expenses Adding Up To Only ~$13,610. Net Operating Income $58,390. Monthly Cash Flow Approx. $1,445 At Current Interest Rates! Prove Your Investment Acumen And Show Other Investors That You Can Cashflow A Renovated Ottawa Property Nearly $1,500/Month At Current Rates. If Rates Go Down To 3% Cashflow Becomes $2,000+. With Growing Rental Income You Could Cashflow Over $1 Million During A 30-Year Ownership. At Only 4% Value Growth Per Year, Resale Could Be Approx. $2.92 Million. Attached Garage Holds Opportunity For Additional Income. Sold Furnished.
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Property Details
Street
Community
Property Type
Detached, Bungalow
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