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32 Laurie Court Ottawa, Ontario K2L 1S4

Wall Unit Hot Water Radiator Heat, Radiant Heat

$829,888

This Kanata investment property has two VACANT beautifully renovated units including a BRAND NEW secondary dwelling unit with separate entrance. The upper level is a large 3-bedroom unit. The lower is a 3-bedroom unit with TWO full bathrooms. Absolute cash cow, the best in Kanata. The gem of any A+ duplex conversion: brand new gas boiler heating; savings right to your bottom line. 2 Hydro meters, paid by tenants. Cash flow: $2100+$1900 projected monthly rent annualizes to $48,000. Subtract $307/M taxes, $150/M insurance, $75/M heat, $250/Q water and net income is over $40,000. Yes, forty grand net, in Kanata. At 1.85% over 30yrs the mortgage is $2404 and cash flow is an incredible $981/month. 30yr ownership: cash flow $353,000; 5% value growth/yr = $3,586,728 value. Per CIBC, thats 19x the average Canadians retirement savings. Imagine finding this deal just 2 or 3 times in your lifetime. These units were created after Nov 15 2018 meaning they're permanently exempt from rent control. (id:35531)

Property Details

MLS® Number 1268440
Property Type Multi-family
Neigbourhood Glencairn
Amenities Near By Public Transit, Shopping
Communication Type Internet Access
Community Features Family Oriented
Parking Space Total 3

Building

Basement Development Finished
Basement Type Full (finished)
Constructed Date 1975
Construction Material Wood Frame
Cooling Type Wall Unit
Exterior Finish Siding
Fireplace Present No
Flooring Type Hardwood, Tile, Vinyl
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat, Radiant Heat
Stories Total 2
Type Duplex
Utility Water Municipal Water

Parking

Surfaced

Land

Acreage No
Current Use Development Residential
Fence Type Fenced Yard
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 101 Ft
Size Frontage 55 Ft
Size Irregular 0.13
Size Total 0.13 Ac
Size Total Text 0.13 Ac
Zoning Description R2c

https://www.realtor.ca/real-estate/23765962/32-laurie-court-ottawa-glencairn

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