Renovated Legal Duplex – Take advantage of a unique legal duplex opportunity before the spring market heats up! Whether you’re an investor or looking for a home with rental income, this property combines modern renovations, strong financials & redevelopment potential. Property Features: 2 Units: Unit 1: Lower Unit Bright 2-bedroom unit rented at $1,790/month to long-term tenants. Separate Garage: Perfect for storage or additional rental income. Unit 2 (Vacant): Upper Unit Renovated 3-bedroom unit with modern finishes, ready to rent at a projected $2,300/month, or ideal for owner-occupancy. Separately metered, tenants pay all utilities. Zoning: R4 – excellent potential for redevelopment or future expansion. Why This Property is a Smart Buy: • Investors: Net Income: $42,770/year. ROI: Solid 5.5% at the current list price. Homeowners: Move into the vacant unit and let rental income help with your mortgage! Financial Snapshot: Annual Property Taxes (2024): $4,678. Annual Insurance: $1,632 (id:19720)
MLS® Number | 1421204 |
Property Type | Multi-family |
Neigbourhood | Vanier |
Amenities Near By | Public Transit, Recreation Nearby, Shopping, Water Nearby |
Parking Space Total | 4 |
Basement Development | Not Applicable |
Basement Type | None (not Applicable) |
Constructed Date | 1960 |
Cooling Type | None |
Exterior Finish | Brick |
Fire Protection | Smoke Detectors |
Flooring Type | Hardwood, Laminate |
Foundation Type | Poured Concrete |
Heating Fuel | Natural Gas |
Heating Type | Baseboard Heaters, Hot Water Radiator Heat |
Stories Total | 2 |
Type | Duplex |
Utility Water | Municipal Water |
Attached Garage |
Acreage | No |
Current Use | Development Residential |
Fence Type | Fenced Yard |
Land Amenities | Public Transit, Recreation Nearby, Shopping, Water Nearby |
Sewer | Municipal Sewage System |
Size Depth | 66 Ft |
Size Frontage | 60 Ft |
Size Irregular | 60 Ft X 66 Ft |
Size Total Text | 60 Ft X 66 Ft |
Zoning Description | Residential |
https://www.realtor.ca/real-estate/27678751/214-hannah-street-street-ottawa-vanier
Contact us for more information
Milkan Berhe
Salesperson
(866) 530-7737
(647) 849-3180
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