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1824 Forman Avenue Ottawa, Ontario K2C 1A8

6 Bedroom 2 Bathroom
Bungalow Central Air Conditioning Forced Air

$899,999

RARE OFFERED INVESTMENT OPPORTUNITY - GREATER THAN 5% CAPITALIZATION RATE. See attached document. 1824 Forman Avenue is located in the prestigious Bel-Air Heights with an incredible location being only a 6 minute walk to Algonquin College. This bungalow has been converted to a LEGAL SECONDARY DWELLING in 2021 with all the proper channels followed and is fully permitted. The upper unit is rented at $2400 + hydro until April 1st 2023, and the lower unit is rented at $2200 + hydro until August 1st 2023 (separate 100 amp panels). Amazing tenants in both units (2 leases total). Each unit has 3 bedrooms 1 bathroom, 2 parking spots, private deck and own laundry. Massive $55,200 annual income (with potential to increase + parking rental), with $45,986 net. An investor or end users dream. Amazing opportunity to add a turnkey investment to your portfolio with little maintenance. SDU 2021, Upstairs Reno 2021, Roof 2010, furnace 2014, A/C 2014, HWT 2022, Downspouts, Gutter Helms 2022, fence 2021 (id:16397)

Property Details

MLS® Number 1315821
Property Type Single Family
Neigbourhood Bel Air Heights
Parking Space Total 4

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Below Ground 3
Bedrooms Total 6
Appliances Refrigerator, Dishwasher, Dryer, Microwave, Stove, Washer
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1960
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick
Fire Protection Smoke Detectors
Flooring Type Hardwood, Vinyl
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Type House
Utility Water Municipal Water

Parking

Street Permit
See Remarks

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 86 Ft ,2 In
Size Frontage 55 Ft
Size Irregular 54.99 Ft X 86.16 Ft (irregular Lot)
Size Total Text 54.99 Ft X 86.16 Ft (irregular Lot)
Zoning Description Residential

Rooms

Level Type Dimensions
Lower Level Living Room 14 ft x Measurements not available
Lower Level Kitchen 10 ft x Measurements not available
Lower Level Bedroom 14 ft x Measurements not available
Lower Level Bedroom 9'9 x 10'1
Lower Level Bedroom Measurements not available x 11 ft
Lower Level 3pc Bathroom 11'4 x 7'2
Main Level Living Room/fireplace 13'6 x 9'2
Main Level 3pc Bathroom 6'11 x 6'6
Main Level Dining Room 12'4 x 9'7
Main Level Bedroom 11 ft x Measurements not available
Main Level Bedroom 10'7 x 10'3
Main Level Bedroom 18 ft x Measurements not available
Main Level Kitchen 13'6 x 9'6

https://www.realtor.ca/real-estate/24940306/1824-forman-avenue-ottawa-bel-air-heights

Interested?

Contact us for more information


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Nick Doumkos
Salesperson

(613) 406-0600

Exp Realty
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4

(866) 530-7737
(647) 849-3180
www.exprealty.ca

Jeff Matheson
Salesperson

(613) 404-5700
www.jeffmatheson.exprealty.com
https://www.facebook.com/jeffmathesonexprealty

Exp Realty
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4

(866) 530-7737
(647) 849-3180
www.exprealty.ca