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241 FERLAND STREET
Beechwood Village Ottawa K1L 7T5

$644,000
Multi-family built: 1955

Main Photo: 241 FERLAND STREET in Ottawa: Multi-family for sale : MLS®# 1391525
Photo 1: 241 FERLAND STREET in Ottawa: Multi-family for sale : MLS®# 1391525
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
1391525
Year Built:
1955
241 Ferland: Strategically located legal duplex, fully tenanted updated units that generate excellent cash flow ($2300 up/$2000 down) & R4E Zoning. The property offers three beds and one bath upstairs, with 2 beds and one bath downstairs. The property has been extensively renovated and improved both inside and out with newer kitchens, updated bathrooms, insulation, witing, fixtures and far more. Located in an area that sees very high demand this could be an easy investment property to purchase and manage as you grow your real estate portfolio and increase your income over time with solid tenancies and the future appreciation in values near Beechwood. Featuring separate entrances, luxury vinyl flooring, updated kitchens and baths, recent windows, a metal roofing system and newer gas furnace this property shows well and is very well maintained. This building is a true investment property that is well priced and worth pursuing. $51,600 GOI/$43,692 NOI/Cap 6.785%! ***6.785% RETURN*** (id:2493)
Property Type:
Multi-family
Transaction Type:
For sale
Lease Type:
Net
Zoning:
R4
Community:
Beechwood Village
Amenities:
Public Transit, Recreation Nearby, Shopping
Building Type:
Duplex
Age:
69 years
Cooling:
None
Exterior Finish:
Brick
Fireplace:
No
Floor finish:
Hardwood, Tile, Vinyl
Foundation:
Block
Heating:
Forced air
Heating Fuel:
Natural gas
# Storeys:
2.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Full (Finished)
Basement Development:
Finished
Land Amenities:
Public Transit, Recreation Nearby, Shopping
Current Use:
Development residential
Lot Frontage:
39'
Lot Depth:
50'
Acreage:
No
Lot Size:
39.95 ft X 50.01 ft
Lot Details:
39.95 ft X 50.01 ft
Total Parking Spaces:
1
Parking Type:
Surfaced
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Listed by ENGEL & VOLKERS OTTAWA
Data was last updated June 16, 2024 at 02:15 AM (UTC)
Area Statistics
Listings on market:
161
Avg list price:
$1,399,900
Min list price:
$459,000
Max list price:
$17,950,000
Avg days on market:
42
Min days on market:
1
Max days on market:
281
Avg price per sq.ft.:
$586.98
These statistics are generated based on the current listing's property type and located in Ottawa. Average values are derived using median calculations.
DANIEL  OAKES
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.