South of Baseline to Knoxdale - 7606 - Manordale
South of Baseline to Knoxdale - 7606 - Manordale
Sold For$860,000
Listed For $725,000
Sold Dec 2021
Flooring: Tile, Flooring: Vinyl, The GREATEST rental property the Ottawa market has ever seen. 8.1% CAP RATE. Near Algonquin College. Fully renovated, turn-key, furnished. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $5,800 monthly on 100% long term. Incredibly efficient boiler heating and low taxes result in expenses adding up to $10,862. NET OPERATING INCOME $58,738. Principal & interest approx. $25,726. CASH FLOW $2,751 per month. $990,000 cash flow over 30yrs on current rents. No conveyance of offers until Friday December 10th at 3PM.
* Values are estimates only and not a guarantee of lending or affordability.
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