Own Your Own Home + Solar Power Business + Rental Property for less than $100 per Month (multi-faceted investment property available)
Location: south end Ottawa, ON
Property Type: investment property includes executive-style home with two, 1,890 sf, 3-bedroom, 2-bath apartments, separate 1-bedroom, 1-bath carriage house, in-ground pool, cabana, detached garage, commercial garage, solar power installation and more
Area: .503 acres
Remarks: This well-built home offers a buyer a fabulous single-family home with separate income potential or a superb real estate opportunity by adding it to their retirement portfolio. The main building contains two, large 3-bedrom, 2-bath apartments. A 2+ car garage and paving stone driveway allows for multiple parking spaces. A full basement yields abundant storage as well. Separate carriage house is a 1-bedroom granny flat with its own commercial garage. The property also includes a 10 Kw solar installation that will produce an income stream until 2032 based on an Ontario-guaranteed top rate of 80.2 cents per kw-hr. This will appeal to your clients who either want to live in their own home at very low cost because they have rental income from a second apartment in the main building plus a separate carriage house as well as a solar installation or real estate investors looking for above average cap rates, people who are tired of seeing 1% or 2% returns on their portfolios. Solar installation sold separately as a chattel. 24 notice to be provided to tenants before all showings.
Directions: From Manotick, go east on Mitch Owens Road. Turn south on Old Prescott Road then east on Parkway Road and south on D’arcy Street. Total travel time—11 minutes (est).
MLS # 911685
Bruce M Firestone, broker, Century 21 Explorer Realty Inc
call: 613.422.6757 x 250
Making the Impossible Possible