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32 Laurie Court Ottawa, Ontario K2L 1S4

6 Bedroom 3 Bathroom
Bungalow Wall Unit Hot Water Radiator Heat, Radiant Heat

$829,888

This Kanata investment property has two VACANT beautifully renovated units including a BRAND NEW secondary dwelling unit with separate entrance. The upper level is a large 3-bedroom unit. The lower is a 3-bedroom unit with TWO full bathrooms. Absolute cash cow, the best in Kanata. The gem of any A+ duplex conversion: brand new gas boiler heating; savings right to your bottom line. 2 Hydro meters, paid by tenants. Cash flow: $2100+$1900 projected monthly rent annualizes to $48,000. Subtract $307/M taxes, $150/M insurance, $75/M heat, $250/Q water and net income is over $40,000. Yes, forty grand net, in Kanata. At 1.85% over 30yrs the mortgage is $2404 and cash flow is an incredible $981/month. 30yr ownership: cash flow $353,000; 5% value growth/yr = $3,586,728 value. Per CIBC, thats 19x the average Canadians retirement savings. Imagine finding this deal just 2 or 3 times in your lifetime. These units were created after Nov 15 2018 meaning they're permanently exempt from rent control. (id:37742)

Property Details

MLS® Number 1268415
Property Type Single Family
Neigbourhood Glencairn
Amenities Near By Public Transit, Shopping
Communication Type Internet Access
Parking Space Total 3

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Below Ground 3
Bedrooms Total 6
Appliances Refrigerator, Dishwasher, Hood Fan, Stove
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1975
Construction Material Wood Frame
Construction Style Attachment Detached
Cooling Type Wall Unit
Exterior Finish Siding
Fireplace Present No
Flooring Type Hardwood, Tile, Vinyl
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat, Radiant Heat
Stories Total 1
Type House
Utility Water Municipal Water

Parking

Surfaced

Land

Acreage No
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 101 Ft
Size Frontage 55 Ft
Size Irregular 0.13
Size Total 0.13 Ac
Size Total Text 0.13 Ac
Zoning Description R2c

Rooms

Level Type Dimensions
Basement Kitchen 11'11" x 8'10"
Basement Living Room 14'3" x 10'7"
Basement Primary Bedroom 10'9" x 9'7'
Basement 3pc Bathroom 10'8" x 4'3"
Basement Bedroom 13'5" x 9'3"
Basement Bedroom 12'9" x 8'3"
Basement 4pc Bathroom 7'5" x 4'10"
Basement Utility Room Measurements not available
Main Level Living Room 22'1" x 13'1"
Main Level Kitchen 18'7" x 10'2"
Main Level 4pc Bathroom 7'4" x 4'11"
Main Level Primary Bedroom 12'8" x 9'8"
Main Level Bedroom 10'2" x 8'3"
Main Level Bedroom 10'9" x 8'1"

https://www.realtor.ca/real-estate/23765963/32-laurie-court-ottawa-glencairn

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