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$899,900
166 WITHROW AVENUE
Ottawa, Ontario, Ontario, K2G3N8
MLS® Number: X12289991
Property description
Prime Location Cash Cow Property! Rare High-Yield Investment! Ideal for Multi-Generational Living! This exceptional property combines urban convenience with residential tranquility, situated in a peaceful neighborhood at the heart of Nepean. Just steps away from Algonquin College, commercial hubs, and public transit. This turnkey property offers unparalleled configuration flexibility - perfect for student housing, multi-family residence, or hybrid live-in investment. Property offers 6 above ground bedrooms + 2 basement bedrooms with 3 Full Bathrooms and Dual-Chef Kitchen with complete duplicate cooking stations. It makes a market unicorn with immediate revenue potential. The monthly rental income for the property can reach over CAD 6,000. Additionally, part of the driveway can be rent out for use by nearby students. The interior of the house is in good condition both utilities and finishes, including hard and soft renovations, require no additional repairs, making it ready to be used as a rental property. This property also holds significant potential for future redevelopment and expansion. It could potentially be developed into a 10-unit apartment building in the future, with projected monthly cash flow reaching up to CAD 36,000 at peak performance. You are welcome to schedule an on-site viewing at any time! 24hrs irrevocable on all offers. HWT is owned.
Building information
Type
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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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Construction Style Split Level
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Cooling Type
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Exterior Finish
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Foundation Type
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Heating Fuel
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Heating Type
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Size Interior
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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
Kitchen
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Bedroom
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Bedroom
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Lower level
Bedroom
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Bedroom
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Living room
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Bathroom
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Basement
Family room
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Bathroom
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Bedroom
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Bedroom
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Second level
Bedroom
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Bedroom
*****
Bathroom
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Courtesy of HOME RUN REALTY INC.
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