340 Poulin Avenue Ottawa, Ontario K2B 5V1
$850,000
PERMIT READY PROJECT on corner lot in trendy walkable Britannia Bay. Steps to the yacht club, beach, grocery (300m), and LRT (700m). 100' of frontage along Conn street. Includes rentable single family home. Severances and drawings in place for a cash flowing four unit (two semis with basement units). Projected net income: $101,000. Projected gross construction margin: $295,000. 5-year IRR > 20%. Yield on cost > 5.5% *ALL DRAWINGS INCLUDED*. Second position *VTB AVAILABLE*. (id:37553)
Property Details
| MLS® Number | 1306293 |
| Property Type | Vacant Land |
| Neigbourhood | Britannia |
| Amenities Near By | Shopping |
Building
| Basement Development | Not Applicable |
| Basement Type | Unknown (not Applicable) |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 100 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 0.11 |
| Size Total | 0.11 Ac |
| Size Total Text | 0.11 Ac |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/24713524/340-poulin-avenue-ottawa-britannia
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August 04 2022 03:31:58
Ottawa Real Estate Board
Sutton Group - Ottawa Realty