Address
32 LAURIE COURT Ottawa, ON
Price
$ 829,888
Property Attributes
  • ID#1268440
  • TypeMulti-Family
  • CityOttawa
  • NeighbourhoodGlencairn
  • Postal CodeK2L 1S4
  • Style
  • Price$ 829,888
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
KELLER WILLIAMS INTEGRITY REALTY
Data Source:
Canadian Real Estate Association
Property Description

This Kanata investment property has two VACANT beautifully renovated units including a BRAND NEW secondary dwelling unit with separate entrance. The upper level is a large 3-bedroom unit. The lower is a 3-bedroom unit with TWO full bathrooms. Absolute cash cow, the best in Kanata. The gem of any A+ duplex conversion: brand new gas boiler heating; savings right to your bottom line. 2 Hydro meters, paid by tenants. Cash flow: $2100+$1900 projected monthly rent annualizes to $48,000. Subtract $307/M taxes, $150/M insurance, $75/M heat, $250/Q water and net income is over $40,000. Yes, forty grand net, in Kanata. At 1.85% over 30yrs the mortgage is $2404 and cash flow is an incredible $981/month. 30yr ownership: cash flow $353,000; 5% value growth/yr = $3,586,728 value. Per CIBC, thats 19x the average Canadians retirement savings. Imagine finding this deal just 2 or 3 times in your lifetime. These units were created after Nov 15 2018 meaning they're permanently exempt from rent control. (id:7434)

General Features

Ammenities Public Transit, Shopping
Building Cooling Type Wall unit
Building Type Duplex
Community Features Family Oriented
Foundation Type Poured Concrete
Lease Type Other, See Remarks
More Information Link https://www.realtor.ca/real-estate/23765962/32-laurie-court-ottawa-glencairn
Neighbourhood Glencairn
Property Type Multi-family
Zoning Description R2C

Interior Features

Basement Development Finished
Basement Type Full (Finished)
Building Fireplace Present False
Building Heating Fuel Natural gas
Building Heating Type Hot water radiator heat, Radiant heat
Construction Material Wood frame
Flooring Type Hardwood, Tile, Vinyl

Exterior Features

Exterior Finish Siding
Fence Type Fenced yard
Land Amenities Public Transit, Shopping
Land Current Use Development residential
Parking Space Total 3
Sewer Municipal sewage system

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K2L 1S4

Price
AVG $830K
$830K
Visits
AVG 8
7
Year Built
AVG 1975
1975