Home / Properties / 391 GREENWOOD AVENUE, Ottawa
2 driveways - Parking for each unit
All brick Duplex with 3 self contained legal units
main entrance to all 3 units
main entrance
6 Bed, 3 Bath Multi-Family for Sale in Ottawa – 391 GREENWOOD AVENUE, Ottawa – MLS# X13812090 - Image 5
Apt 1 entreance
main entrance
Apt 1 - Hallway
Apt 1 - family/dinning room
Apt 1 - family/dinning room
Apt 1 - Kitchen
Apt 1 - Kitchen
patio door from Apt 1 kitchen
Apt 1 - family room - Virtually staged
Apt 1 - dinning room - Virtually staged
Apt 1 - bath
beautiful deck & shed
deck for apt 1 use only
privacy with mature trees
Apt 1 - bed # 1
Apt 1 - bed # 1 Virtualy staged
Apt 1 - bed 2
stairs for Apt 2
Apt 2 - Family room/Dinning room
Apt 2 - Hallway
Apt 2- Kitchen
Apt 2 - Bed 1
Apt 2 - Bed 2
Apt 2 - Bath
stairs for common laundry and Apt 3 (basement )
basement living room
basement bed # 1
Basement - Bed 2
basement bath
basement kitchenette/living room
side of the property
3 hydro meters
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Active
$1,199,999

391 GREENWOOD AVENUE, Ottawa

6 Beds • 3.0 Baths • Multi-Family
MLS# X13812090
  • Multi-Family
  • Spacious 6-bedroom layout
  • Ottawa location
613-369-5199

Ask Peter Sagos | REALTOR® about this property

About This Property

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. (id:67440)

Location

391 GREENWOOD AVENUE, Ottawa

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Property Details

Bedrooms 6
Bathrooms 3.0
Property Type Multi-Family
$1,199,999
391 GREENWOOD AVENUE, Ottawa
6 Beds • 3.0 Baths • Multi-Family
Listing brokerage INNOVATION REALTY LTD. Huma Moeed Israr MLS# X13812090
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