1152 Tawney Road, Elmvale Acres And Area, ON K1G 1B6
- $1,150,880
- 10
- BD
- 4
- BA
- 1,100
- SqFt
- List Price
- $1,150,880
- MLS#
- X12976428
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- Bungalow
- Bedrooms
- 10
- Bathrooms
- 4
- Living Area
- 1100-1500
- Province
- ON
- Municipality
- Elmvale Acres And Area
- Area
- Ottawa
- Neighborhood
- 3704 - Hawthorne Meadows
- Subdivision
- St. Laurent Blvd To Tawney Road
Property Description
Exceptional income-producing asset with huge future development potential! Very Large, 153x67 ft corner lot (with access from two sides) in the prime location on St. Laurent Blvd. Fully tenanted (10 bedrooms 3.5 bathrooms) property, producing $91,872/year ($7,975/monthly). An excellent cash flowing asset with a $62,900 yearly Net operating income, High-demand rental area. You can decide whether you want to keep it operating as an existing rental, or redevelop in the future. The New Zoning for the property is CM2, allowing high density development up to 20 m height. Ideally located and close to CHEO, Ottawa General Hospital, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses.
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Additional Information
- Taxes
- $5,057
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 1
- Exterior
- Brick, Vinyl Siding
- Garage Spaces
- 2
- Garage Type
- Attached
- Pool
- None
- Parking Spaces
- 6
- Parking Type
- Private Double
Mortgage Calculator
Listing courtesy of ROYAL LEPAGE INTEGRITY REALTY.