Vanier And Kingsview Park, ON K1L 7T5,241 FERLAND ST

$620,000

Est. payment /mo

$624,900

0.8%
Est.Price: ?

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241 FERLAND ST Vanier And Kingsview Park, ON K1L 7T5

SOLD DATE : 12/02/2024

Key Details

Sold Price $620,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision 3402 - Vanier

MLS Listing ID X9427687

Sold Date 12/02/24

Annual Tax Amount $3,228

Tax Year 2023

Property Sub-Type Duplex

Property Description

Flooring: Tile, Flooring: Vinyl, 241 Ferland: Strategically located legal duplex, fully tenanted updated units that generate excellent cash flow ($2300 up mth to mth/$2000 down June 2024) & R4E Zoning. The property offers three beds and one bath upstairs, with 2 beds and one bath downstairs. The property has been extensively renovated and improved both inside and out with newer kitchens, updated bathrooms, insulation, witing, fixtures and far more. Located in an area that sees very high demand this could be an easy investment property to purchase and manage as you grow your real estate portfolio and increase your income over time with solid tenancies and the future appreciation in values near Beechwood. Featuring separate entrances, luxury vinyl flooring, updated kitchens and baths, recent windows, a metal roofing system and newer gas furnace. Building is a true investment property that is well priced and worth pursuing. $51,600 GOI/$43,692 NOI/Cap 7% RETURN*** Staggering 7% return on investment*****, Flooring: Hardwood

Location

Province ON

County Ottawa

Community 3402 - Vanier

Area Ottawa

Zoning R4

Rooms

Basement Full, Finished

Interior

Cooling None

Exterior

Roof Type Asphalt Shingle

Lot Frontage 39.95

Lot Depth 50.01

Total Parking Spaces 1

Building

Foundation Block

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Listed by ENGEL & VOLKERS OTTAWA
agent

Richard Rutkowski

License Partner | Broker of Record | License ID: HBRUTKORI

+1(905) 876-6660

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