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Woodvale - Craig Henry - Manordale - Estates of Arlington Woods
151 KNOXDALE ROAD
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151 KNOXDALE ROAD $849,900
$849,900
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151 KNOXDALE ROAD
Ottawa, Ontario K2G1B1

MLS® Number: 1387634
4 + 4
Bedrooms
4
Bathrooms
-
Square Feet

Listing Description

Incredible cashflow opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.5% 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. $1,000 even at current interest rates! Prove your investment acumen and show other investors that you CAN cashflow a renovated Ottawa property $1,000/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. (28170071)

Property Summary

Property Type
Single Family
Building Type
House
Storeys
1
Neighbourhood Name
Manordale
Title
Freehold
Land Size
65 ft X 110 ft
Built in
1967
Annual Property Taxes
$4,083
Parking Type
Attached Garage, Surfaced
Time on REALTOR.ca
71 days

Building

Bedrooms
Above Grade
4
Below Grade
4
Bathrooms
Total
4
Partial
0
Interior Features
Flooring
Vinyl, Ceramic
Basement Type
Full (Finished)
Building Features
Foundation Type
Poured Concrete
Style
Detached
Architecture Style
Bungalow
Building Amenities
Furnished
Heating & Cooling
Cooling
Wall unit
Heating Type
Hot water radiator heat (Natural gas), Radiant heat
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Stone, Siding
Neighbourhood Features
Amenities Nearby
Public Transit, Recreation Nearby, Shopping
Parking
Parking Type
Attached Garage, Surfaced
Total Parking Spaces
3

Rooms

MetricImperial
Main level
Kitchen
Living room
Bedroom
Bedroom
Bedroom
Bedroom
3pc Bathroom
3pc Bathroom
Lower level
Kitchen
Living room
Dining room
Bedroom
Bedroom
Bedroom
Bedroom
3pc Bathroom
3pc Bathroom

Land

Lot Features
Frontage
65 ft
Land Depth
110 ft
Other Property Information
Zoning Description
R1F
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7
613-804-4292
REALTOR® Website
Email
Book showing
KELLER WILLIAMS INTEGRITY REALTY
2148 CARLING AVE UNIT 5
Ottawa, Ontario K2A1H1
613-829-1818
Office Website
613-986-0898
Email
Book showing
KELLER WILLIAMS INTEGRITY REALTY
2148 CARLING AVE., UNITS 5 & 6
OTTAWA, Ontario K2A1H1
613-829-1818
Office Website

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