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340 Poulin Avenue Ottawa, Ontario K2B 5V1

$799,000

PERMIT READY PROJECT on corner lot in trendy walkable Britannia Bay. Steps to the yacht club, beach, grocery (300m), and LRT (700m). 100' of frontage along Conn street. Includes rentable single family home. Severances and drawings in place for a cash flowing four unit (two semis with basement units). Projected net income: $101,000. Projected gross construction margin: $295,000. 5-year IRR > 20%. Yield on cost > 5.5% *ALL DRAWINGS INCLUDED*. Second position *VTB AVAILABLE*. (id:37464)

Property Details

MLS® Number 1330215
Property Type Vacant Land
Neigbourhood Britannia

Building

Basement Development Not Applicable
Basement Type Unknown (not Applicable)
Utility Water Municipal Water

Land

Acreage No
Size Depth 100 Ft
Size Frontage 50 Ft
Size Irregular 0.11
Size Total 0.11 Ac
Size Total Text 0.11 Ac
Zoning Description Residential

https://www.realtor.ca/real-estate/25288586/340-poulin-avenue-ottawa-britannia

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