1714 BASELINE ROAD, Ottawa, Ontario, K2C0B8

Property Description

Income-generating property featuring two semi-detached homes, each with basement apartments, ideally located within walking distance to Algonquin College. This prime location offers easy access to LRT station(when completed), public transit, and a wide array of nearby amenities including shopping, schools, restaurants, parks, and everyday conveniences making it highly attractive to students, professionals, and long-term tenants alike. The property generates a strong gross annual rental income of $70,972.08, with tenants paying all utilities, keeping operating costs low generating higher NOI. The building is equipped with 4 hydro meters, 2 gas meters, and water sub-metering for efficient and transparent utility management. Basement units are heated by electric baseboard, while the upper units feature forced-air natural gas heating, offering independent and reliable climate control throughout.Under the City of Ottawa's proposed Official Plan, the property is anticipated to fall under MS2 H zoning, which allows for a wide range of mixed-use and intensified development options, subject to City approvals. This zoning framework provides significant long-term redevelopment and value-add potential at this highly desirable, transit-oriented location. A rare opportunity to acquire a high-performing income property with excellent holding income today and exceptional redevelopment potential for the future. (id:64974)

Quick Facts

• Property Type: Fourplex
• Bedrooms: 9 (7 above, 2 below)
• Bathrooms: 4
• Attached: Yes
• Parking: 5 spaces (No Garage)
• Frontage: 63 ft (19.2 m)

Costs

• Annual Taxes: $7,111.27 (2025)

Listing Provided by: PAUL RUSHFORTH REAL ESTATE INC.
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.