1152 TAWNEY ROAD, Ottawa
- House
- Spacious 10-bedroom layout
- 6-car parking
- Ottawa location
Ask Peter Sagos about this property
About This Property
Exceptional income producing property with strong cash flow and significant future redevelopment potential. Situated on a large 153 ft. x 67 ft. corner lot with access from two sides, this fully tenanted property is ideally located along St. Laurent Boulevard and offers a rare combination of immediate income and long term upside. The property features 10 bedrooms and 3.5 bathrooms and generates approximately $91,872 in annual rental income, with a reported Net Operating Income of approximately $62,900 per year. Located in a high demand rental area close to CHEO, the Ottawa General Hospital, transit, shopping and everyday amenities, the property offers flexibility for investors looking to continue operating it as a strong cash flowing rental while exploring future redevelopment opportunities. The anticipated new zoning is CM2, which is expected to permit higher density development with building heights of up to approximately 20 metres. Whether your strategy is to hold for income, reposition the property, or plan for future redevelopment, this is a compelling opportunity in a well located and evolving area of Ottawa. Buyers are advised to independently verify zoning, permitted uses, development potential and all financial information (id:66401)
Property Details
Building & Features
Building
- Building type
- House
- Style
- Bungalow
- Storeys
- 1
- Exterior
- Brick, Vinyl siding
- Foundation
- Concrete
Interior
- Basement
- Finished, Full, Apartment in basement, Separate entrance, N/A
- Secondary suite
- Yes
- Separate entrance
- Yes
- Bedrooms above grade
- 10
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Fireplace
- Yes
- Appliances
- Refrigerator, Water Heater - Tankless, Water Heater
Parking
- Garage and parking
- Attached Garage, Garage
Lot and land
- Lot dimensions
- 67.2 x 152.7 FT ; Corner lot
- Frontage
- 67.2 ft
- Fencing
- Fenced yard
- Zoning
- CM2[2208] H(20) - Minor Corridor Zone 2
- Water
- Municipal water
- Sewer
- Sanitary sewer
Ownership and fees
- Ownership
- Freehold
Location
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