1348 THAMES STREET

$549,900

House
$549,900
2 Bedrooms
1 Bathroom
4 Parking Spaces

Welcome to 1348 Thames Street in the great City of Ottawa. This post-war bungalow is perfectly located right where Westboro meets Carlington. An intelligent kitchen/dining addition adds valuable square footage. With R2 zoning this home’s 50×130-ft lot is coveted by the best boutique builders in the region. Buy to build yourself, or purchase to live or invest and then sell to a developer later as scarcity of infill opportunities drastically increases the value. Multiple other 50-ft lots, many with shorter depths, have been split and developed as semi-detached homes. The combined value of two new semi’s is estimated around $2M. If you have a strong mind for investment, why not build 4 units? Semi-detached homes with secondary dwelling units could total ~$10,000/month in rent and be worth up to $2.4M. Keep both for a $120,000 per year retirement or sell one to pay for the other. Also listed as a development lot under MLS # 1322575. (id:13118)


Essential Information

Listing #
1322571
Price:
$549,900 
Year Built:
1950
Total Bedrooms:
2
Total Bathrooms:
1
Half Baths:
0
Property Type:
Single Family
Basement:
Crawl space (Unfinished)
Transaction:
For sale

Property Specifications

Parking Spaces:
4
Maintenance Fees:
 
Heating:
Forced air
Cooling:
Central air conditioning
Fireplace Type:
-

Listing Details

Last Updated:
2022, 29 Nov 
Listing Office:
KELLER WILLIAMS INTEGRITY REALTY
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