South of Baseline to Knoxdale - 7606 - Manordale
South of Baseline to Knoxdale - 7606 - Manordale
Listed For $849,900
Get Pre-approvedTerminated
Flooring: Vinyl, Flooring: Ceramic, Incredible cashflow (~$1,500 per month!) opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.87% CAP RATE. Fully renovated and SDU added in 2020. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $6,000 monthly or $72,000 annually. Incredibly efficient boiler heating and low taxes result in expenses adding up to only ~$13,610. NET OPERATING INCOME $58,390. Monthly CASH FLOW approx. $1,445 at current interest rates! Prove your investment acumen and show other investors that you CAN cashflow a renovated Ottawa property nearly $1,500/month at current rates. If rates go down to 3% cashflow becomes $2,000+. With
Compare with similar recently sold properties nearby
* Values are estimates only and not a guarantee of lending or affordability.