Renovated Legal Duplex Take advantage of a unique legal duplex opportunity before the spring market heats up! Whether youre an investor or looking for a home with rental income, this property combines modern renovations, strong financials & redevelopment potential. Property Features: 2 Units: Unit 1: Lower Unit Bright 2-bedroom unit rented at $1,790/month until May 2025. Separate Garage: Perfect for storage or additional rental income. Unit 2 (Vacant): Upper Unit Renovated 3-bedroom unit with modern finishes, rented at 1,990/month. Separately metered, tenants pay all utilities. Zoning: R4 excellent potential for redevelopment or future expansion. Why This Property is a Smart Buy: Investors: Gross Income: $45,360/year, Net income after expenses: $39,050. ROI: Solid 5% at the current list price. Homeowners: Move into the vacant unit and let rental income help with your mortgage! Financial Snapshot: Annual Property Taxes (2024): $4,678. Annual Insurance: $1,632, Flooring: Hardwood, Flooring: Laminate (id:4069)
Address
214 HANNAH STREET STREET
List Price
$795,000
Property Type
Single Family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Ottawa
Bedrooms
5
Bathrooms
2
Lot Size
60 x 66 FT ; 0 Sq. Ft.
MLS® Number
X10629536
Listing Brokerage
EXP REALTY
Postal Code
K1L7M7
Zoning
Residential
Site Influences
Public Transit, Park
