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$830,000
Available - For Sale
Listing ID: X12133393
Welcome to 844 Norton Ave, a prime investment opportunity nestled in one of Ottawas rapidly developing neighbourhoods. This well-maintained duplex is a rare find, offering a fantastic opportunity for investors and developers alike. The property is comprised of two tenant-occupied units, both boasting excellent tenants who take pride in their spaces. The main level features a spacious 3-bedroom, 1-bathroom unit with plenty of natural light and comfortable living space. The lower level offers a cozy 2-bedroom, 1-bathroom unit, perfect for additional rental income. Generating an annual gross revenue of $42,060, this property serves as a lucrative turn-key investment while you plan your next development. With the surrounding area experiencing significant growth and new developments, this property presents an ideal opportunity to purchase and hold for future gains. Situated on a street that has seen substantial revitalization, this duplex not only offers consistent rental income but also holds incredible potential for future redevelopment. Whether youre looking to expand your real estate portfolio or secure a strategic development site, 844 Norton Ave is the perfect choice.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $54,950 $109,900 $164,850 $219,800
First Mortgage $1,044,050 $989,100 $934,150 $879,200
CMHC/GE $28,711.38 $19,782 $16,347.63 $0
Total Financing $1,072,761.38 $1,008,882 $950,497.63 $879,200
Monthly P&I $4,594.55 $4,320.96 $4,070.91 $3,765.55
Expenses $0 $0 $0 $0
Total Payment $4,594.55 $4,320.96 $4,070.91 $3,765.55
Income Required $172,295.77 $162,036.13 $152,659.04 $141,207.95

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SLEEPWELL REALTY GROUP LTD

844 Norton Aven , Britannia Heights - Queensway Terrace N , K2B 5P6, Ottawa

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Duplex
Area: Ottawa
Municipality: Britannia Heights - Queensway Terrace N
Neighbourhood: 6203 - Queensway Terrace North
Style: 2-Storey
Lot Size: x 100.00(Feet)
Approximate Age: 51-99
Tax: $4,569
Maintenance Fee: $0
Beds: 3+2
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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