707 De L'eglise Street Ottawa, Ontario K1K 3K3

$650,000

Attention Builders! A PERMIT APPROVED INFILL for a multiunit on a 45X131 lot backing onto the St Laurent Complex with park/pool/rink/library. It is CLOSE TO ALL EMBASSIES, OTTAWA GENERAL HOSPITAL, St.Laurent Shopping Centre, University of Ottawa, Trainyards Shopping Centre & so much more. It features a 3.5 storey building; 3AG X 3 bedroom units (3X$2500 monthly) & potential for a future 4th BG one ($2200 monthly). The open concept design, 2 full baths including an ensuite, balcony and in-suite laundry, 3 LEGAL PARKING SPOTS & its LOCATION WILL ATTRACT HIGH-QUALITY TENANTS AND RENTAL INCOME. The building permit & demolition permits are ready for pick up. No carrying cost, just get Disconnect clearance, pay the development charges, pick up the permits & start building. THE PROJECTED GOI=$116,400. NOI=$98,940. PROFIT IS $700K (37% ROI). WOW, IT CAN'T GET BETTER THAN THIS! Call Today! (id:39544)

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https://www.realtor.ca/real-estate/24366263/707-de-leglise-street-ottawa-castle-heights