15
See all 15 photos
$1,199,900
Est. payment /mo
4 BD
2 BA
Active
1007 BLAIR ROAD Ottawa, ON K1J7M9
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Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision 2106 - Cardinal Heights
MLS® Listing ID X11974621
Style Bungalow
Bedrooms 4
Originating Board Ottawa Real Estate Board
Property Sub-Type Freehold
Property Description
Discover a rare investment opportunity with this versatile property, currently generating steady rental income while offering significant potential for future development. Situated in a desirable location, this property is already a lucrative rental, bringing in $4,000 per month, ensuring immediate cash flow for investors. However, the true value lies in its untapped potentialthe lot extends an additional 50 feet beyond the existing fence, presenting a unique opportunity for expansion or redevelopment.The current structure is a well-maintained rental property, appealing to long-term tenants and providing a reliable income stream. With its spacious layout and modern amenities, it attracts high-quality tenants, making it a low-maintenance investment for those looking for passive income. The propertys location is ideal, close to essential amenities, schools, transportation hubs, and thriving commercial areas, ensuring consistent demand in the rental market.What sets this property apart is its development potential. The additional 50 feet of land beyond the fence opens the door to a variety of possibilities. Whether youre considering expanding the existing structure, building additional units, or creating a mixed-use development, this property offers the flexibility to maximize your investment. The area is ripe for growth, with increasing demand for housing and commercial spaces, making it an ideal time to capitalize on this opportunity.For investors looking to diversify their portfolio, this property offers the best of both worlds: immediate rental income and long-term appreciation through development. Whether youre a seasoned developer or a first-time investor, this property is a standout opportunity to build equity and generate substantial returns. Dont miss out on this chance to own a property with proven income potential and exciting future prospects. Schedule a viewing today and explore the possibilities! (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Others
Ownership Freehold
Listed by ENGEL & VOLKERS OTTAWA