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391 GREENWOOD AVENUE, Ottawa
2026-09-23
Quick Summary
- Location
- 391 GREENWOOD AVENUE, Ottawa, Ontario K2A0X4
- Price
- $1,199,999
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 1500 - 2000 sqft
- Bedrooms:
- 6
- Bathrooms:
- 3
- Garages:
- 6
MLS®#X13812090
Property Description
Prime Westboro Income Opportunity! An exceptional chance to own a fully updated, all-brick legal duplex with a fully permitted basement secondary dwelling unit, offering three self-contained two-bedroom units in one of Ottawa's most sought-after urban neighbourhoods. Set on a generous 49.02' x 66.0' lot, this income property combines strong cash flow, quality upgrades, and long-term upside. Each unit is separately hydro-metered and equipped with air conditioning, while two driveways provide valuable on-site parking for all the tenants. The property generates approximately $80,400 in annual gross rental income. Based on seller-provided operating expenses, the estimated Net Operating Income is approximately $60,775.63 per year, representing an estimated 5.07% cap rate. With refreshed interiors, solid in-place income, and a premium Westboro location close to shops, transit, parks, schools, beach and everyday amenities, this is a compelling opportunity for investors seeking immediate income with future growth potential. The property may also offer additional intensification possibilities, including the potential for another secondary dwelling unit or coach house/garden-suite-style development, subject to applicable zoning, planning, building code requirements, and municipal approvals. Buyer to independently verify all permitted uses and development potential. ps: The listing photos are of Apartment #1 only and were taken before the tenants moved in. Apartment #2 offers a similar layout and finish. The basement unit is approximately 200 sq. ft. smaller than the other units and includes two bedrooms, a full bathroom, kitchenette, living room, furnace room, mechanical room, and laundry room. (id:32467)
Property Features
Building
- Amenities: Separate Electricity Meters
- Appliances: Water Heater
- Basement Features: Separate entrance
- Basement Type: N/A
- Cooling Type: Central air conditioning
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 1500 - 2000 sqft
- Building Type: Triplex
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Carpet Free, Sump Pump
Land
- Land Size: 49 x 66 FT
- Sewer: Sanitary sewer
Information entered by INNOVATION REALTY LTD.
Listing information last updated on: 2026-09-24 15:53:10
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Sheila Forward-Davis REALTOR®
- Phone:
- (613) 883-8098
- Mobile:
- (613) 883-8098
- Email:
- sheila.forwarddavis@gmail.com
- Support Area:
- Ottawa, Kanata, Manotick
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Full ProfileSergiu Buhatel Broker
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- Support Area:
- Ottawa, Nepean, Barrhaven, Findlay Creek, Blossom Park, Orleans, Kanata, Riverside South, Cumberland, Rockland, Manotick, Stittstville, Cornwall, Perth
Sergiu has been a licensed Realtor® since 2012 and earned his Broker designation in 2015. He holds ...
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- Phone:
- 613-983-6258
- Email:
- info@nicehomesniceplaces.ca
- Support Area:
- Central Ottawa, Ottawa West, Kanata, Stittsville, Barrhaven, Bell Corners, Nepean, Riverside South, Gloucester, Blackburn Hamlet, Orleans, Rockland
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