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$850,000
515 GUY STREET
Ottawa, Ontario, Ontario, K1K1B8
MLS® Number: X12163595
Property description
Fantastic turnkey investment opportunity in Castle Heights! This detached home offers two units (in-law suite), both with private entrances and separate laundry. The upper unit is a spacious 3-bedroom, 1.5-bath home featuring hardwood floors, a gas fireplace, a bright bay window, and an eat-in kitchen with under/over-cabinet lighting. It also includes a family room with access to a large deck. Currently rented for $2,624/month(2,689/m Aug 1).The lower unit/in-law suite is a 2-bedroom with its own entrance, full kitchen, bathroom, and in-unit laundry. Minor work could be done to legalize the separation if desired. This unit is currently rented at $1,850/month, increasing to $1,896 in August. The 34'x34' detached garage is a huge value add, with 126 ceilings, triple insulation, a metal roof, 100-amp electrical service, natural gas heating, and running water. Perfect for a workshop, hobbyist or added rental income. The home also features a fully fenced backyard and parking for 6 vehicles in the garage and 6 in the driveway. One garage spot currently rented for 300/m.Combined, the property generates $4,774/month over $55,000/year- 6.7% CAP. If garage fully rented at 1050/m and increased rents considered this could be a 7.9%CAP. Centrally located near Farm Boy, FreshCo, Loblaws, Decathlon, Winners, Montfort Hospital, and the St-Laurent Complex. Easy access to transit, shops, parks, and more. Walk Score 70, Bike Score 70. A smart addition to any portfolio or ideal for live-in landlords. Dont miss it! Annual operating costs: Hydro approx. $2,101, Gas $2,458, Water $1,678, Insurance $3,522. 2024 property taxes: $5,908.
Building information
Type
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Amenities
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Appliances
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Basement Development
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Basement Type
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Construction Style Attachment
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Cooling Type
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Exterior Finish
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Foundation Type
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Half Bath Total
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Heating Fuel
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Heating Type
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Size Interior
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Stories Total
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Utility Water
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Land information
Sewer
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Size Depth
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Size Frontage
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Size Irregular
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Size Total
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Rooms
Main level
Bathroom
*****
Family room
*****
Dining room
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Kitchen
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Living room
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Lower level
Kitchen
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Bedroom 5
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Bedroom 4
*****
Laundry room
*****
Bathroom
*****
Living room
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Second level
Bathroom
*****
Bedroom 3
*****
Bedroom 2
*****
Primary Bedroom
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Main level
Bathroom
*****
Family room
*****
Dining room
*****
Kitchen
*****
Living room
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Lower level
Kitchen
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Bedroom 5
*****
Bedroom 4
*****
Laundry room
*****
Bathroom
*****
Living room
*****
Second level
Bathroom
*****
Bedroom 3
*****
Bedroom 2
*****
Primary Bedroom
*****
Courtesy of RE/MAX HALLMARK REALTY GROUP
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