1152 Tawney Road, Elmvale Acres and Area, ON K1G 1B6

About this property

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

Property facts & features

Property type

Detached

MLS® number

X14028688

Source status

New

Bedrooms

10

Bathrooms

4

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

K1G 1B6

Parking spaces

6

Garage

Attached

Lot depth (source units)

152.73

Annual property tax

5057.75

Basement

Finished, Separate Entrance, Full, Apartment

Laundry

Not provided

Interior features

Accessory Apartment, On Demand Water Heater, Water Heater Owned

Exterior features

Deck

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Floor plans & room measurements

Floor plans and verified room measurements are not available for this property.

Property value & listing history

Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.

Plan your monthly ownership costs

Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.

Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

A verified map location is not yet available for this listing.

Transit stops, schools and commute information are unavailable until verified sources are connected. Optional overlays remain off.