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$1,195,000

Active
707 Edison Avenue, Ottawa, ON· Westboro/Hampton Park
5
Bedrooms
3
Bathrooms
1500-2000
Sq Ft
$598–$797
Per Sq Ft
4
None Parking

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About this Property

  • Ample parking for all tenants

Excellent investment opportunity in the desirable Laurentianview /Westboro area! Offered at $1195000, this well maintained and updated legal triplex complete with fire retrofit features quality tenants and strong future rental upside. Two (2 )bedroom and One (1)bedroom. Updates include a new roof(2021), newer windows, front steps(2023), newer appliances, Furnace and AC (2018), 3 new sheds 2023. Four hydro meters with tenants paying their own hydro helps keep operating costs down. Enjoy a lovely shared backyard area with BBQ space and three storage sheds. Ample parking for all tenants. Conveniently located close to transit, shopping, restaurants, parks and all the amenities this sought out area has to offer. A solid addition to any investment portfolio. 48 hours notice required for all showings.

Listed by ROYAL LEPAGE TEAM REALTY · MLS# X13214912

About Westboro

Trendy Village · Avg $850K

Westboro is one of Ottawa's most desirable and walkable neighbourhoods, a vibrant village within the city that attracts professionals, young families, and urban enthusiasts who want the energy of city living combined with a strong sense of community. Located along Richmond Road between Island Park Drive and Churchill Avenue, Westboro's tree-lined streets and character homes sit just steps from an eclectic mix of independent boutiques, specialty food shops, yoga studios, and some of Ottawa's most celebrated farm-to-table restaurants.

Avg Home Price$850K
Walk Score88
LRT Stations2
Bike to Downtown15 min
View Full Westboro Guide

Features & Details

Property details of 707 Edison Avenue, Ottawa, ON

Property TypeTriplex
Style2-Storey
Size1500-2000 sq ft
BasementApartment
Total Parking4

Mortgage Calculator

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%
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Mortgage Payment$5,871/monthly
Principal54%
Interest46%
Principal Amount$956,000
Interest$805,203
Total Payable$1,761,203
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$5,871
Mortgage + Expenses$5,871
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$
$
$
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Monthly Cash Flow-$5,871

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

$1,195,000

707 Edison Avenue, Ottawa, ON