1152 Tawney Road,Elmvale Acres and Area, ON K1G 1B6
Elmvale Acres and Area, ON K1G 1B6
Description
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
Details
| MLS # | X14028688 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 21 |
| Listing Provided By | ROYAL LEPAGE INTEGRITY REALTY | X14028688 493500 |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 4 |
| Garage | 2 |
| Basement | Y |
| Acreage | 0.24 |
Interior
| Interior Features | Accessory Apartment, On Demand Water Heater, Water Heater Owned |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | Yes |
Exterior
| Exterior Features | Deck |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Concrete |
| Construction Materials | Brick, Vinyl Siding |
| Security Features | Carbon Monoxide Detectors, Monitored, Smoke Detector |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private Double |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 5057.75 |
|---|---|
| Tax Legal Description | PCL 1-2, SEC 4M-86 ; PT LT 1, PL 4M-86 , BEING THE W1/2 ; OTTAWA/GLOUCESTER |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Elmvale Acres and Area |
| Postal Code | K1G 1B6 |
| Area | 3704 Hawthorne Meadows |
| Listing VS Median (in K1G 1B6) | |
Price: $1,100,880 low | high Med: $0 On site: 21 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Elmvale Acres and Area |
| Postal Code | K1G 1B6 |
| Area | 3704 Hawthorne Meadows |
| Listing VS Median (in K1G 1B6) | |
Price: $1,100,880 low | high Med: $0 On site: 21 low | high Med: | |
