50 Melrose Avenue Ottawa, Ontario K1Y 1T9
$850,000
Introducing an exceptional blue chip investment opportunity in Hintonburg! This charming duplex offers two spacious two-bedroom units. The top unit (two storey) is currently rented for $2500 while the main floor unit is currently owner occupied allowing a new purchaser to do the same or fetch a market rent. Both units are newly renovated with the design conscience in mind. Nestled in a prime location, residents enjoy the convenience of being within walking distance to public transit and all the amenities that Hintonburg has to offer. Whether you're looking to diversify your portfolio or seeking a reliable income stream, this property promises both stability and growth potential. Don't miss out on this rare chance to own a prized asset in one of the city's most sought-after neighbourhoods! Note: two tandem parking spaces included. Upper unit rent 2500/month, lower unit vacant on possession projected 2200/month (id:37464)
Property Details
| MLS® Number | 1417566 |
| Property Type | Multi-family |
| Neigbourhood | Hintonburg |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Parking Space Total | 2 |
Building
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Constructed Date | 1918 |
| Construction Material | Wood Frame |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Flooring Type | Hardwood, Vinyl, Ceramic |
| Foundation Type | Poured Concrete, Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Current Use | Development Residential |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 84 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 33 Ft X 84 Ft |
| Size Total Text | 33 Ft X 84 Ft |
| Zoning Description | R4ub |
https://www.realtor.ca/real-estate/27568676/50-melrose-avenue-ottawa-hintonburg
Sales Representative
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October 22 2024 08:11:34
Ottawa Real Estate Board
Engel & Volkers Ottawa