This turnkey investment opportunity presents an income-generating duplex with a bonus unit, perfectly situated in the sought-after Merivale/Baseline corridor. Nestled on a quiet dead-end street, the property is spacious, well-maintained, and offers both strong rental income and excellent future potential. The second floor hosts a large, freshly painted three-bedroom unit and the first floor unit features newly renovated hardwood floors. Tenants enjoy the benefits of a private backyard, gas heating, free parking, and ample storage. Adding to its versatility, the property also includes a non-conforming basement unit that offers additional flexibility or potential rental income. Positioned directly across from a park with scenic walking and biking trails, this location is highly attractive to renters. Its also just minutes away from shopping, schools, restaurants, transit, and the Queensway, ensuring convenience for all occupants. Currently, the property is fully rented to two long-term tenants, generating approximately $50,000 in annual rental income. With its low turnover rate and high-demand location, this property is ideal for both seasoned investors and those purchasing their first rental. This is a rare chance to own a cash-flowing property in one of Ottawa's prime neighborhoods, with plenty of room to add future value. (id:19004)
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
