391 GREENWOOD AVENUE, Ottawa, Ontario

5 Beds 3 Baths

$1,199,999

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Listing ID: X13812090 Property Type: Multi-family

Prime Westboro Income Opportunity! A rare chance to acquire a well-maintained, fully updated, all-brick legal duplex with a permitted basement secondary dwelling unit, ideally situated on a 49.02' x 66.0' lot in one of Ottawa's most desirable urban neighbourhoods.The property features two spacious two-bedroom units plus one one-bedroom lower unit, with the basement secondary dwelling unit added in 2024. Two driveways provide ample parking, each unit is separately hydro-metered, and all units are equipped with air conditioning.The property generates approximately $80,400 in annual gross rental income. Based on seller-provided operating expenses,the estimated Net Operating Income is approximately $60,775.63 per year, representing an estimated 5.07% cap rate. With refreshed interiors, strong in-place income, and a premium Westboro location, this is an attractive long-term investment opportunity for buyers seeking both immediate cash flow and future upside.The property may also offer additional intensification potential, including the possibility of another secondary dwelling unit or coach house/garden-suite-style development, subject to applicable zoning, planning, building code requirements, and municipal approvals. Buyer to independently verify all permitted uses and development potential. (id:25961)

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Details

Equipment: Water Heater
Features: Carpet Free, Sump Pump
Parking Spaces: 6
Rental Equipment: Water Heater
Transaction: For sale

Building

Amenities: Separate Electricity Meters
Appliances: Water Heater
BasementType: N/A
Basement Features: Separate entrance
Bedrooms Main Level: 5
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Present: False
Foundation: Block
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1500 - 2000 sqft
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 49 ft
Size Irregular: 49 x 66 FT

Listing provided by INNOVATION REALTY LTD.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 391 GREENWOOD AVENUE in Ottawa Ontario. It was last modified on September 21st, 2026. Contact Stéphane Chevalier to schedule a viewing or to discover other Ottawa homes for sale.

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