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214 Hannah Street Street Ottawa, Ontario K1L 7M7

None Baseboard Heaters, Hot Water Radiator Heat

$795,000

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)

Property Details

MLS® Number 1421204
Property Type Multi-family
Neigbourhood Vanier
Amenities Near By Public Transit, Recreation Nearby, Shopping, Water Nearby
Parking Space Total 4

Building

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

Parking

Attached Garage

Land

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

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Milkan Berhe
Salesperson

(343) 543-9559

Exp Realty
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4

(866) 530-7737
(647) 849-3180