Sunday, March 12, 2017

A tale of four 2 unit homes

Traditionally, homes with secondary dwellings are wonderful investments.  Instead of receiving one income per month from a property, you will now receive two incomes.  This lowers your vacancy risk, as one empty unit doesn't eliminate all your monthly income.

A fast growing trend amongst downsizing Baby Boomers and first time buyer Millennials is purchasing a property with multiple apartments, living in one and harvesting the rental income from the others.  The demand is rising for these types of properties, as more than just rental properties, as they can be located in non-traditional rental neighbourhoods, surrounded by single homes and having large lots, driveways and gardens.

Please let me know if any of these off market opportunities catches your interest .... click here to contact me 


 

Beacon Hill North bungalow

This property is offered for $489,900.  It is located in Beacon Hill North, inside the catchment area for Colonel By High School, one of the most sought after high schools in Ottawa (it has the IB program).  This home has all the legal paperwork from the city of Ottawa.  It is currently vacant, as construction just finished.  You can live either upstairs or down or rent the complete property until you are ready to move in....


Beacon Hill North luxury high ranch

Asking $499,900 for this exceptional property with granite counters, top quality throughout with high ceilings and big windows on both levels.  This home is fully permitted by the city of Ottawa.  The top unit is rented at $1700 per month and the two bedroom/1 bathroom lower level unit is available to move in.






Carlington stunner

Asking $497,900 - downstairs rented at $1800, upstairs ready for move in.  This property is on a direct down town bus route.  It features everything new, with both units having 3 bedrooms and 2 bathrooms.  Again, fully permitted and ready for either move in or renting.





Elmvale Acres

The fourth option, asking $500,000 is a stunning bungalow with a secondary suite in the basement, currently both units are rented at $1650 and $1175.  The basement is month to month, so the current tenant can be removed for owner occupying.  

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