Exceptional income producing property with strong cash flow and significant future redevelopment potential. Situated on a large 153 ft. x 67 ft. corner lot with access from two sides, this fully tenanted property is ideally located along St. Laurent Boulevard and offers a rare combination of immediate income and long term upside. The property features 10 bedrooms and 3.5 bathrooms and generates approximately $91,872 in annual rental income, with a reported Net Operating Income of approximately $62,900 per year. Located in a high demand rental area close to CHEO, the Ottawa General Hospital, transit, shopping and everyday amenities, the property offers flexibility for investors looking to continue operating it as a strong cash flowing rental while exploring future redevelopment opportunities. The anticipated new zoning is CM2, which is expected to permit higher density development with building heights of up to approximately 20 metres. Whether your strategy is to hold for income, reposition the property, or plan for future redevelopment, this is a compelling opportunity in a well located and evolving area of Ottawa. Buyers are advised to independently verify zoning, permitted uses, development potential and all financial information (id:67947)
| MLS® Number | X14028688 |
| Property Type | Single Family |
| Neigbourhood | Hawthorne Meadows |
| Community Name | 3704 - Hawthorne Meadows |
| Amenities Near By | Public Transit, Schools |
| Community Features | Community Centre |
| Parking Space Total | 6 |
| Structure | Deck |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Appliances | Water Heater - Tankless, Water Heater, Refrigerator |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Apartment In Basement |
| Basement Type | N/a (finished), N/a, Full, N/a |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Monitored Alarm, Smoke Detectors |
| Fireplace Present | Yes |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,100 - 1,500 Sqft |
| Type | House |
| Utility Water | Municipal Water |
| Attached Garage | |
| Garage |
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 152 Ft ,8 In |
| Size Frontage | 67 Ft ,2 In |
| Size Irregular | 67.2 X 152.7 Ft ; Corner Lot |
| Size Total Text | 67.2 X 152.7 Ft ; Corner Lot |
| Zoning Description | Cm2[2208] H(20) - Minor Corridor Zone 2 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bedroom | 3.93 m | 3.65 m | 3.93 m x 3.65 m |
| Lower Level | Bedroom | 4.26 m | 3.38 m | 4.26 m x 3.38 m |
| Lower Level | Bedroom | 3.1 m | 2.56 m | 3.1 m x 2.56 m |
| Lower Level | Laundry Room | 3.62 m | 2.37 m | 3.62 m x 2.37 m |
| Lower Level | Bedroom | 3.99 m | 3.38 m | 3.99 m x 3.38 m |
| Lower Level | Bedroom | 3.65 m | 2.34 m | 3.65 m x 2.34 m |
| Lower Level | Bedroom | 3.65 m | 2.43 m | 3.65 m x 2.43 m |
| Main Level | Living Room | 5.63 m | 3.71 m | 5.63 m x 3.71 m |
| Main Level | Dining Room | 3.13 m | 3.04 m | 3.13 m x 3.04 m |
| Main Level | Kitchen | 4.9 m | 2.65 m | 4.9 m x 2.65 m |
| Main Level | Bedroom | 4.02 m | 3.44 m | 4.02 m x 3.44 m |
| Main Level | Bedroom | 3.44 m | 2.59 m | 3.44 m x 2.59 m |
| Main Level | Bedroom | 3.01 m | 2.95 m | 3.01 m x 2.95 m |
| Main Level | Bedroom | 3.38 m | 3.01 m | 3.38 m x 3.01 m |
https://www.realtor.ca/real-estate/30396710/1152-tawney-road-ottawa-3704-hawthorne-meadows
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Nicolas SigounisREALTOR® · EXIT Realty Matrix, BrokerageBook a private showing or ask anything about this home. Nicolas will get back to you quickly.
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