Renovated Legal Duplex – Take advantage of a unique legal duplex opportunity before the spring market heats up! Whether you’re an investor or looking for a home with rental income, this property combines modern renovations, strong financials & redevelopment potential. Property Features: 2 Units: Unit 1: Lower Unit Bright 2-bedroom unit rented at $1,790/month to long-term tenants. Separate Garage: Perfect for storage or additional rental income. Unit 2 (Vacant): Upper Unit Renovated 3-bedroom unit with modern finishes, ready to rent at a projected $2,300/month, or ideal for owner-occupancy. Separately metered, tenants pay all utilities. Zoning: R4 – excellent potential for redevelopment or future expansion. Why This Property is a Smart Buy: • Investors: Net Income: $42,770/year. ROI: Solid 5.5% at the current list price. Homeowners: Move into the vacant unit and let rental income help with your mortgage! Financial Snapshot: Annual Property Taxes (2024): $4,678. Annual Insurance: $1,632 (id:4069)
| Address |
214 HANNAH STREET STREET |
| List Price |
$795,000 |
| Property Type |
Multi-family |
| Type of Dwelling |
Duplex |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Lot Size |
60 ft X 66 ft Sq. Ft. |
| Year Built |
1960 |
| MLS® Number |
1421204 |
| Listing Brokerage |
EXP REALTY
|
| Basement Area |
None (Not Applicable) |
| Postal Code |
K1L7M7 |
| Zoning |
Residential |
| Site Influences |
Public Transit, Recreation Nearby, Shopping, Water Nearby |
