Greely - Metcalfe - Osgoode - Vernon and Area - 1604 - Vernon
Greely - Metcalfe - Osgoode - Vernon and Area - 1604 - Vernon
Sold For$516,000
Listed For $539,900
Sold Nov 2020
Welcome to this modern 6 bedroom, 2 bath high-ranch duplex, sitting on 0.788 acres (per geowarehouse) on a large corner lot located just half an hour from South Ottawa in the Osgoode/Vernon area. This home, newly built in 2019 has two almost identical upper and lower level self contained, tenanted units along with a detached two car garage. The units are separately metered and is an ideal set up for any investor. Both upper and lower lvl units are rented for $1680/month + utilites. GOI is $40,320/yr and NOI is around $29,000/yr, yielding a cap rate of about 5.4% per year. BTW, easy to convert back to a 6-bed, 2-bath single family home with not one but two kitchens if buyer so desires—perfect for large family or multi generational living... together while at the same time, independent!"
* Values are estimates only and not a guarantee of lending or affordability.
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