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2347 Baseline Road, Parkway Park - Queensway Terrace S And Area, ON K2C 0E2

$1,085,000
: 8
BD
: 4
BA
: 1,100
SqFt

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List Price: $1,085,000
MLS#: X13177416
Status: ACTIVE
Type: Single Family Residential
SubType: Detached
Style: Bungalow
Bedrooms: 8
Bathrooms: 4
Living Area: 1100-1500
Province: ON
Municipality: Parkway Park - Queensway Terrace S And Area
Area: Ottawa
Neighborhood: 6303 - Queensway Terrace South/Ridgeview
Subdivision: Baseline Road Between Southwood Drive And Centrepointe Drive

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Property Description

WOW! Exceptional income producing asset with huge future development potential! Prime 58x100 ft lot in the fast growing Baseline Corridor. Fully tenanted 2-unit dwelling (4-bed 2-full bath each unit) producing $83,373/yearly ($6947 monthly). An excellent cash flowing asset with a $57,927 Net Income. High demand rental area. You can decide whether you want to keep it operating as a duplex or redevelop in the future. The New Zoning for the property is MS2, allowing high density development up to 20m height. Ideally located just steps to Algonquin College, College Square, Pinecrest Recreation Centre, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses.

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Additional Information

Taxes: $4,467
Heat Type: Radiant
Heat Source: Gas
Air Conditioning: Wall Unit(s)
Family Room: Yes
Kitchens: 2
Exterior: Brick, Vinyl Siding
Garage Type: Carport
Pool: None
Parking Spaces: 4
Parking Type: Available, Covered, Front Yard Parking